So the Fed’s desperately trying to raise interest rates up to 300 basis points, or 3%, before the next recession, so they have room to start cutting again. In other words, they are raising rates so they can cut them.
And that’s what Wall Street doesn’t understand. It’s still operating from its old assumptions about the business cycle.
https://dailyreckoning.com/the-feds-lost-opportunity-to-return-to-normal/
