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Is the Fed Backing Off Rate Rises?
The Fed has got to be raising rates into the beginning of pain, not raising rates until the first sign that maybe things aren't perfect. I personally am dubious they're going to cut rates, but I don't think they will have raised rates enough to get inflation down to 2%. So to me, this more turbulent economic environment, thereby leading to more turbulent market environment, is probably with us for years, not months.