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About as high as investors thought last spring.
Emotions are running hot, bouncing from expecting the Fed to get more aggressive to expecting them to slow down, but projections haven’t changed.
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“Consumer Price Index – August 2022,” Bureau of Labor Statistics, September 13, 2022
“Summary of Economic Projections for the Fed Funds Rate” St. Louis Fed, Recent
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2 Comments
Thanks for another great podcast. I appreciate your calmness and succinctness on the markets. It’s great to hear your voice too! As a Kelly Letter subscriber I couldn’t recommend it more if you’re looking for a rational mind in this chaotic world.
My pleasure, Rich, and thank you for the compliment!