Quote:
Originally Posted by Stu from NYC
Since everyone expects the fed to continue to raise interest rates have to figure that is already factored into the market.
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You are probably correct in that "everyone expects the fed to continue to raise interest rates" but I'm 100% certain that "everyone" doesn't agree on how much to raise, how fast you get there, how long you keep them there and what to do next. Many were thinking that we would actually see rate cuts in 2023, which I think is now off the table. In my opinion, the Fed needs to get rates close to 4% as fast as possible, so 2 more 75 bps and pause.