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Is the Fed Implementing This Call in a Short-Term Period?
The question that the stock market and the broader economy is now grappling with is, has the Fed implemented this call in a short-term period where they've raised rates so fast? Have they snuffed out demand for real estate to an extent that, yeah, it all fixed inflation because it's going to fix the demand side of everything. The Fed forecast, the Fed funds futures, they actually forecast falling rates in 2023. So the Fed has sort of put themselves in this position where, yeah, they've raised Rates very aggressively.