Quote:
Originally Posted by ASAP
Let's see if Jerome Powell slaps us in the face w another rate hike today.
|
We'll see, but the market's not betting on it, and JP doesn't appear to be the kind of guy that likes to surprise. That, combined with them not wanting to look spooked by the jump in oil prices, which actually caused core PCE to rise a little, will likely keep rates where they are.
One thing is for sure. Rates are not going down any time soon. The 10 year closed over 4.3% today. If oil gets to $100 and stays there, it's going to affect core prices pretty quickly. Rates may continue to go up; don't bet against a hike next month. Anybody think a "soft landing" is looking less likely? Raises hand...