Fed hikes rate to the same level that kicked-off the global financial crisis
$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ Fed hikes rate +25bps to 5.25%
same level that kicked-off the global financial crisis. Fed overdid it on easing, then overdid it on tightening
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Why are they still hiking? Why have the rate hikes been so sharp and substantial?
>> Because they made a mistake by overcooking stimulus in 2020/21. Now they are cooked.
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Markets might be whistling along, but global trade is clearly in recession
Even after adjusting for seasonality effects and differing numbers of working days in a given month, Global Trade volumes dropped further in March -- to the lowest levels since 2020 on an adjusted basis, and well below trend.
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