I am of the opinion Fed will hike interest rates to 100bps. Inflation is still high, labour market is still strong, economy is still not in severe recession.
Fed hinted that it will inflict great pains to bring inflation down at all costs. The strong dollar is another factor pushing Fed to be more aggressive in its intervention.
Buckle up for a rough ride, riding through the reddish stock market. Be calm and confident that there is a pot of gold waiting for the long term investors.
Tough times do not last, tough people will.
Best wishes.
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