More and more people are starting to publicly call for an end to these rate increases. Unfortunately for all of us, the Fed is responsive to data, they are absolutely horrible at predicting things. So bad in fact its hard to believe it isnt done on purpose so they can manipulate investments and grow their own balance sheet. When will they decide theyve inflicted enough pain? Who knows. I just know theyd stop now if they cared about the people on main st.
I think that unemployment rate in Jan and Feb of 2023 will show that true pain especially due to massive after Christmas lay offs. Will this be taken into account by the FEDs? I doubt but I still hope ...