2min chapter

Animal Spirits Podcast cover image

Are Bonds Competition For Stocks (EP.297)

Animal Spirits Podcast

CHAPTER

Is the Fed Going to Panic?

The economy is stronger than people realize. All it took was mortgage rates going from 7% to 6% for the housing industry activity to pick up a little bit and people are still spending. A month ago, if you're looking at the CMA FedWatch tool, there was a 0.3% implied probability of a 50 basis point rate hike. It was 18% a week ago and now it's up to 27%. The market is not necessarily expecting the Fed to panic.

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