The
minutes of the September Federal Open Market Committee (FOMC) meeting on
September 21 and 22 made it clear that tapering would happen despite headwinds
from the Covid-19 Delta variant and disappointing recent U.S. jobs data… The
most popular starting date for the policy reversal was in the next month or
two. “The tapering process could start in either mid-November or mid-December—we
still think November but one month isn’t going to matter to markets at this
point,” said Lawrence Gillum, fixed income strategist at LPL Financial.
The
Fed is unlikely to raise rates this year as the U.S. economy continues to
recover from Covid-19. In fact, the Fed could wait until 2022 or beyond to
increase borrowing costs following its announcement to let inflation run a bit
higher than its 2% target.
Bill Meridian in his excellent article The Horoscope of the US Federal Reserve wrote:
The Fed's horoscope
is dominated by major axes or groupings:
1) Mars and Neptune
rising opposite Jupiter.
2) The Sun opposite
Pluto, both squaring the zero Aries Midheaven.
The first grouping
is descriptive of the Fed's tendency to inflate the currency. How could any
entity with a hard Mars-Jupiter-Neptune aspect be expected to exercise
restraint and maintain a stable currency?
I have added the TNPs Kronos and Zeus to the Fed’s horoscope and this completes a T-square (Mars – Zeus – Neptune – Jupiter – Kronos). The Fed Chairman Jay Powell (b. 4 Feb. 1953) has Saturn [27li] – Neptune [24 li] completing a Grand Cross with the Fed’s T-square. With transit Pluto now opposing the Fed’s Neptune a catharsis is demanded. Deceptive financial arrangements may come crashing down.
Pressure is likely to run high on the Oct. 20 Full Moon at 27° 26’ Aries since it activates the composite Grand Cross mentioned above . The biggest contributing factor is a cardinal T-Square created by the Aries Moon opposing the Sun and Mars in Libra with both squaring Pluto in Capricorn. The square between the Libra Sun and Pluto is exact on October 17 while the Mars-Pluto square is exact on October 21. Something has to give, the Fed may be forced to make changes its policy now!
Comments
Post a Comment