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»» Fed Raises Rates on Schedule ««
By: Marty Armstrong | June 15, 2022

The rate hike of 0.75%, at the conclusion of its two-day meeting, has indeed confirmed the bull market in rates. The hike moves the benchmark short-term rate to a range of 1.5% to 1.75%. Yes, we have a Quarterly Bullish Reversal at !.25%, but we have a Yearly Bullish Reversal at 1%. This is all confirming our model's forecast and we expect volatility to rise during the next quarter. However, this is on track for 2023.

The year 2021 was THE low and we have not only a Directional Change in 2023, but we also have a Panic Cycle and a key turning point. We are expecting overall rates to rise into 2034. The year 2021 was the bottom in rates and the end of Keynesian economics.

The major overhead resistance now begins at 2.25% followed by 4.75% and then 6.25%. Rates are going to rise further as I have said BEFORE that the Fed has no choice for that is its ONLY tool that people expect to fight inflation.

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