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The Fed Talked Market Into Accepting a Non Front Loaded Policy
If the action of seven hikes gets i faci under control and the economy stas relatively stable with employment not too much effected, then it maybe youe going to continue on the right path, e hite path. If not, then fate will dictate that you should switch the easyitthe pa is definitely not front loaded in the way that we want them to be. I mean, if you think about what's happened over the last two months since the january meeting. Then the market exploded to the seven, eightd nine times. People started talking about 50 ses points actualy. And the fed said, hang on, wait a minute. That's way too aggressive for us