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I am trying to make these very succinct - there’s a lot to read, and I value your time! I also have no idea when to publish this newsletter, so if you could fill out this form on your preference, that would be wonderful. This article will primarily be a summary of what happened over the past week. The Federal Reserve raised rates by 75 bps this week in order to battle inflation, and they made it very, very, very clear that they were not going to stop raising rates until the “job was done” - when this inflation beast is tamed. They expect rates to go up to 4.4% by the end of the year, meaning more mega hikes on the way. Baby recession incoming: They also released their Summary of Economic Projections, which boiled down to “a baby recession is likely, with slowing growth and higher unemployment - but don’t worry, we will cut rates in 2024, and things will be okay again!” But no one really knows: Powell also said “no one knows whether this process will lead to a recession” which is very t

I am trying to make these very succinct - there’s a lot to read, and I value your time! I also have no idea when to publish this newsletter, so if you could fill out this form on your preference, that would be wonderful. This article will primarily be a summary of what happened over the past week. The Federal Reserve raised rates by 75 bps this week in order to battle inflation, and they made it very, very, very clear that they were not going to stop raising rates until the “job was done” - when this inflation beast is tamed. They expect rates to go up to 4.4% by the end of the year, meaning m