The good news is sentiment has become more bearish which I like. The bad news is the latest PCE shows inflation is still too high.
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The good news is sentiment has become more bearish which I like. The bad news is the latest PCE shows inflation is still too high.
Two weeks after the Fed’s Latest 25 Bp rate hike, most if not all the economists I listened to said it was very likely (in their opinions) the FED would not increase/decrease rates next month. I was shaking my head, but who was I to disagree. They convinced me I guess. Just recently I’ve heard a few folks saying don’t be surprised with another 25 BP hike Next month…. So what do you think?
JMHO, but I don’t think the FED has much of a choice here. They have to raise again. Shit is going to break, and that’s unfortunate. And I’m not excusing the FED because they contributed heavily in causing this mess in the first place with a decade of free money.