A Dilemma Of The Fed’s Own Making | Danielle DiMartino Booth & Joseph Wang
Forward Guidance
00:00
The Fed's Tough Talks Over the Past Months
Interest rate futures are indicating that the Federal Reserve will be very hawkish. A 50 basis point increase on Wednesday is almost certain, but they're indicating a triple for the next one. The terminal rate by summer 2023 is about 3.4, 3.5%. Do you think with the economy slowing as much as you see, the Fed will be able to get there? I don't actually. They cannot let credit go. Can't do it.
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