The Fed raised rates as expected yesterday and I heard from quite a few sources that rates may be higher but they are still historically low. Well that may be true in absolute terms but does anyone notice the trend on the chart? In previous cycles the Fed would raise then pause then start cutting when they overshot (with recession evident). This begs a couple questions, the first being how high is too high relative to past increases and second how low is the next low base as 0% is most likely not going to be the line in the sand. Negative rates will most certainly be in the bag.
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