4min chapter

Forward Guidance cover image

Liquidity Spiral In The Bond Market Is Causing "Tremendous Stress" | Jim Bianco

Forward Guidance

CHAPTER

How High Do You Think the Fed Will Hide?

How high do you think the Federal Reserve will hike? I think the terminal right now, in other words, how high the market is pricing in that the sort of the peak of the mountain is like 4.5 percent in, I think, April of 2023. The whole idea that the Fed was going to pivot and start cutting rates in 23, that's been pushed off into 24. And we've got a whole year to see whether or not that's going to be the case.

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