The US Congress Hacks have created so much debt that they cannot afford to raise interest rates more than a point or two, and consequently, we will be in deep merd soon with inflation way way WAY out of control...
I’ve seen that claim a lot. You say a point or two.
There’s a vast difference between a point or two.
6 raises would be 1.5 points. The Fed will watch the effects of its raises and stop when they think they should. I’m good with it.