I’m not comfortable with their plans. The evidence continues to point to at least one more rate HIKE needed if they are going for the soft landing.
Holding here, and saying they’ll cut next year, is too optimistic for my tastes. We’ve had a few months now to digest the hikes already put in, but I think that digestion is just about over, and the market needs one more 1/4 to 1/2 point to bring inflation down.
We may have a couple of days here seeing a drift upwards, but dang- it’s gotta be close to at least one down cycle.
Sent from my iPhone using TSP Talk Forums
Bookmarks