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Do You Think the Fed Will Stop Hitting Rates?
Back in April, I wrote a report on why we think the Fed will stop hiking rates by end of 3Q22. And so our view was that you were going to see this dollar up rates up until things start falling apart. So from a purely economic standpoint, not bad. But if you would have asked me in April, Luke, what are the odds that what the Fed is doing is not purely about fighting inflation? That's actually code for we need to break oil. We need to break Russia. Weneed to break the world to break oil demand to break Russia," he said.