Fed Funds Futures are pointing to one more rate hike at the May FOMC meeting, then a turnaround with The Fed cutting its target rate.
Too bad the Taylor Rule is calling for a target rate of 10.29%.
The Fed Funds Target rate (upper bound) is STILL negative at -1.0356%.
Soaring rates to fight inflation is causing unrealized losses to plague US banks.
Like the film, “He Never Died”, The Fed never died. And neither did quantitative easing.
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