Is the Fed Going to Keep Rates at Restrictive Level?

I think we are in for a 2023 where inflation will continue to surprise the upside and the Fed is going to surprise by keeping rates higher for long. Some of these inflationary inputs are actually headed back higher for sure so we've probably just seen peak in terms of CPI in June I think it was June We might have just troft in terms of some of the input costs some of these commodity prices but what we're tasked to do is try to figure out the market  we'll look at it. The bulls have something to stand on now just in terms of the price action they made foolish about what's going to happen, he says.