5 ms·
This is terrible news. Without a recession to curb inflation, the fed will have to get far more extreme with interest rates to get inflation back down. I though
by eloff 4y ago
This is terrible news. Without a recession to curb inflation, the fed will have to get far more extreme with interest rates to get inflation back down. I thought that rates might top out around the end of the year, but now the fed may have to keep raising aggressively well into next year. Mortgages and the housing market are going to get slammed. This is going to get much worse than I previously expected.
- georgeecollins 4y agoBut inflation is already lower in this report. I am not forecasting the future-- I have no idea-- but its not clear that inflation is getting worse.
- eloff 4y agoI missed that, that's a huge ray of hope! It looks like it's already getting below real interest rates. That's excellent!
- ferrocarraiges 4y agoThat sounds like the opposite of terrible. We are long overdue for some bloodletting in residential real estate markets.