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Is There a Need for a Further Rate Hike?
The rates market has already priced in additional hikes and there's more than 75 that's priced in just before the end of 2022. So it's really up to the Fed to either meet those expectations or say we're going to be doing something else other than hiking policy rates to combat inflation. The one thing I feel like everybody right now is speculating on whether inflation is going to be falling or going up or going down. It's foolish to try to bet whether inflation isgoing to be going higher or lower. And if you don't have inflation inside your portfolio, you're actually short it in your real life because we do live in a real world.