Mustafa Chowdhury on Mortgage Risks, Fed Shocks and Derivatives
Macro Hive Conversations With Bilal Hafeez
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Is the Fed Going to Keep Hiking?
I think the Fed's always a behind, I haven't seen in my 30-year carry in the last 15 to 20 years fed ahead of the data. We saw every hiking cycle that keep going until they've gone too far to create a recession or financial crisis. And this time around, it's going to be even more because Fed's feeling defensive about making a major mistake in forecasting inflation in 2001. So as long as the data is strong, they will keep hiking and data will remain strong for a while.
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