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It’s Not Just Inflation, The Fed’s Lost Control | Round Up

Supply Shock

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Do You Think We're Going to Get Out of Inflationary Period?

The market is pricing in now 75 basis points with a chance at 100 basis point hike in November. Jamie Diamond says, besides predicting a hard landing and a 30% crash, CEO of the largest bank said his gut told him that Fed funds rate will probably have to rise higher than 4-4.5%. This comes back from the quote that Stan Draconnal gave us three to six months ago when he said, you know, we've never gotten out of inflationary period where we did not hike Fed funds above headline CPI.

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