@glors70 That’s what many are saying. They were too late to the game and are now going full throttle. That’s why the yield curve is pricing in a recession. I don’t think there has been a tightening cycle without a recession. These were supposed to be the smartest economists on earth.
@retiefff People refuse to acknowledge that rate hikes are working on a lag of about 7-12 months. This means that only about 75-100 bps hike has filtered thru the economy. Give it sometime to see the full effects of 5% hike.
