The Fed needs to have balls and raise rates above tge inflation rates. The political game they are playing is a set up for a recession. They know it too.
They can continue to give $10k to every illegal that crosses into the States, but that’s still not enough to soak up all this cash.
Rates should go up into Q1 2023 after the election is over.
After they crush the housing markets, they will bring rates back down. Knee jerk reaction after knee jerk.
I’m paying diwn all my credit card and auto debt and sitting in my cash and low long term fixed rate. Cash will be king.
I just don’t see how financial plays are going to survive the next 2 years. I’m sticking with oil and gas.
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