It is basically the Fed backed into a corner. They have to raise interest rates. And millions of people will suffer because of it.
I believe this is also why we cannot raise the debt ceiling.
We are heading into a brick wall. Soft landing my backside.
It isn’t all doom and gloom out there. The economy is stronger than many suspect, and that is part of the problem in the feds eyes. There isn’t enough deflationary pressures created by the fed yet, and markets have been rising as of late. All of that can crash tomorrow, but many are doing well.