67 straight months of inflation above the Fed's 2% target.
That's not a blip. That's a structural problem.
Yet we're still debating whether policy is "too tight." It's not. It's still accommodative given where prices actually are.
More hikes are likely. The market keeps pricing in cuts that don't materialize. This has been the pattern for two years.
Stop fighting the Fed. They've told you what they're doing. Believe them.
That's not a blip. That's a structural problem.
Yet we're still debating whether policy is "too tight." It's not. It's still accommodative given where prices actually are.
More hikes are likely. The market keeps pricing in cuts that don't materialize. This has been the pattern for two years.
Stop fighting the Fed. They've told you what they're doing. Believe them.