They say that there’s long and variable lag between the monetary policy being made and its effects on the economy. Soon after they started hiking the rates the

They say that there’s long and variable lag between the monetary policy being made and its effects on the economy. Soon after they started hiking the rates there were some of the biggest bank failures in US history which amounted to nothing much because they basically hit snooze on it by effectively promising to back 100% of deposits well above the FDIC threshold. Supposedly this measure runs out in a year from when it was made. I’m not going to try and predict what and when exactly is going to happen. If you like lines and extrapolation, you can go to the St Louis fed website and plot yield curve inversion and effective fed rate.