Like the Phil Collins song “One More Night”, there will be one more hike.
The Fed Funds Futures data is pointing to one more hike at the upcoming May FOMC meeting. Then reversal of policy.
With the massive bank failures under Clueless Joe, The Fed will intervene to make the problem worse. And with Biden’s insane mortgage policies, Prince’s “Let’s Go Crazy!” is the perfect themesong for Biden and The Fed.
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