They had to start raising rates because they know they’ll soon need the mechanism of lowering them. They won’t rise much more before they start falling again to try to stimulate the economy.
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Want to bet?
Respectfully I disagree... time will tell?
We should do some kind of betting on the markets here???
LOL we are all betting with our lives right now! Seriously, this thing is going to shake out in an extreme way. The actions we’re each taking right now in preparation establishes what we truly believe more than anything.
I predict interest rates won’t ever hit 3.5% before they start cutting rates again. Why? Because the economy is heading into recession within the next year without a doubt and the pace of their increases to date won’t get us that high by then. So I’m invested in crypto, land, and passive income sources that should grow as people start panicking.
Whatever your “bet” is, I hope you’re preparing for that eventuality.
I will take that bet. how much can you afford to loose?
North America has been in a recession for years.... ?
Inflation is getting out of control.... Hyper Inflation by 2026.