My opinion: The FED are almost certainly done with rate hikes - it does satisfy the old rule of rates being somewhat near Nominal GDP, which clocked in at near that level last week with a quarterly Real GDP rate of 1.1% and GDP Price Index of 4.0%.
In terms of cutting rates - I dont see the FED cutting rates (not this year atleast) until unemployment jumps by at least 1.1% to 4.6% or service inflation seriously declines.
How many times can the Fed "manipulate and fix"? Is the dollar weakening due to possibly peak rates and future rates will be lower?
My opinion: The FED are almost certainly done with rate hikes - it does satisfy the old rule of rates being somewhat near Nominal GDP, which clocked in at near that level last week with a quarterly Real GDP rate of 1.1% and GDP Price Index of 4.0%.
In terms of cutting rates - I dont see the FED cutting rates (not this year atleast) until unemployment jumps by at least 1.1% to 4.6% or service inflation seriously declines.