The Fed has done what it said it would do. They're now saying rates will go to 5% from 4% now. Then, they're going to keep rates high for a long time. So anyone looking for lower rates, you'll probably need to look at 2024. Remember: "inflation is the same level it was a year ago"-J. Powell
Powell says that there is a "need for ongoing rate increases". And that there are “some ways to go” with rate hikes. What part of those statements indicate a pivot?
The Fed has done what it said it would do. They're now saying rates will go to 5% from 4% now. Then, they're going to keep rates high for a long time. So anyone looking for lower rates, you'll probably need to look at 2024. Remember: "inflation is the same level it was a year ago"-J. Powell
Powell says that there is a "need for ongoing rate increases". And that there are “some ways to go” with rate hikes. What part of those statements indicate a pivot?
Thanks Paul and Team...........if it was easy, everyone would have done it!!!!!!!!!!!!!!