Looks like the feds will keep increasing until something breaks.. Based on past data.. in order to bring down inflation.. the interest rate have to be as high or higher than the inflation rate.. which will be around 8% to 9%... if rates ever go this high.. the economy will not be in a recession.. it will be a full blown depression and it is likely many companies and even the government will be in default due to the amount of debt that they are holding now..
But we shall see if the fed has the resolve and courage to walk the talk..
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if really the day come, I'll convert all to FD [Tongue]