Loading ...I’m listening to Powell right now. They’re expecting 7 or 8 interest rates this year.
Yield curve is flattening. People are worried about unemployment raising with interest rates vs inflation. As far as emerging markets they need to figure out themselves or trade in another currency.
We have to worry about our own for once.
Raising rates going forward will be dependent on the data first.
He said he expects inflation to continue to rise into the first half of the year and then start to decline and into next year will be lower. That doesn’t mean IMO that confidence in their current administration what they’ll do next or the dollar will be improved but continue to deteriorate especially going past elections.
I heard Larry Summers last week and it kinda impressed me for once. He pointed out on both parties both sides of issues instead of the negative and hit them both repubs and demos but of course probably trying to do damage control on the demos. He said the only difference between both party’s as far as borrowing is how their going to spend it. Lol
But that difference can affect us. Look how much there spending on Ukraine, collectively billions for something that could of possibly been prevented. Afghanistan mess on abs on.
Looks like the equity’s are getting a bounce but is it a dead cat bounce?
Treasuries went up and corrected but I saw the 10 yr and it’s i. a channel and was at the top of that channel last night.