Loading ...We’re waiting for the ECB rate announcement; we’ll see if they blink already.
Didn’t realize our Fed meets next week already, markets betting they are getting to the end of the hikes. Ray Dalio said before the Fed started raising rates that the markets/economy could not handle rates above 3%. We are over 4% now and it seems like there may be some problems beneath the surface.
Low rates don’t have to be inflationary. If they want to quell inflation, they need to increase supply of everything. They need to fix the supply chain and get us back to being the land of plenty.
Rates up early, as is the USD. We’ll see how things respond to the data this am.