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GFP: I don't think the Fed stops until at least 2 more 50 basis point rate increases. Then they will evaluate. They need to retain some degree of credibility. I doubt they go back to some version of QE until next year. They won't loosen leading up to the mid term elections despite the political pressure they'll be getting to do so. Again. they have to APPEAR to be neutral. Personally I'm hoping for 7% mortgage rates by fall, if not higher. That will remove some froth from the sky high real estate prices.