The Fed will raise interest rates. Been waiting for this.
That’s exactly what will happen and it will tank the parts of the economy that have been recovering and cause a major sell off of the stock markets, the economy is not a zero sum game if you screw up with be area it will be felt in other areas
The Fed sets short term rates. The market sets medium and long rates.
As long as there are major countries with zero or negative interest rates our debt will have downward pressure on the interest rates the global market for debt will accept.
That’s a double edged sword, as it could weaken our ability to fight inflation as well as overspending.
I see no evidence of a rate hike. This isn’t Paul Volcker, hell it’s not even Jimmy Carter. They’d have to taper first and one barely sees evidence of a taper especially after the recent catastrophic stock market sell off. People also forget that President Trump’s key Fed appointments are up next year including Powell. Odds are higher that Sleepy Joe’s handlers put in some super woke MMT types and inflation gets into double digits.