The Fed's Commitment to Continue to Battle Inflation

CME Fed Fund Futures is basically pricing an 80% chance that the Fed's going to raise 25 basis points. I think they need the lower rates because they brought them to a level where it makes a lot of things very, very difficult. But you have to remember, there's people out there who are saying now it's so much more expensive for me to go get a mortgage or car loan. Inverted curve usually isn't a good thing, but it's usually inverted in different times for different reasons.

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