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Is the Fed Hitting Rates?
The big worry here is the one thing that came out last week was that consumer credits gone through the roof. The concern is that the Fed keeps hiking rates and people are living on their credit cards. Eventually they're going to start defaulting because they can't even make them in on payments, right? So that is an absolute concern. I am of the hope and opinion that cooler heads will eventually figure this stuff out and realize the Fed will go from hiking to suddenly having to start easing and coming back in.