The Future of Interest Rates

If you look at where the capital markets are betting interest rates go between now and the end of the year, those people taking market positions. They think that the federal funds rate is going to go from 5% today down to about 4.13%. So they think the Fed is going to have to cut in 2023. But guess what? Those people are betting their money. I just asked myself, what would it take for the Federal Reserve to start to cut rates? It would have to be a really, really ugly financial situation. And most importantly, do we go into a recession or do we not go into one?

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app