Is the Fed Able to Raise Rates?

The fed will not be able to shrink its balancy materially beyond perhaps just middle of next year, because they will have to back track in the face of altility. After september, the fence fond, sheis going to decline at anount 95 billions a month. So that's a very rapid pace of balanc she unin starting as early as september. And then after that, we have a very steady trajectory of yields going lower from from here on,. Perhaps ending around near two and a quarter to two and a half % by the middle of next sher.