To The Moon

Fed, pause after 10 interest rate hikes The 2% U.S. inflation target in 2nd half of 2023 is realistic Valuation of equities is very attractive Falling interest rates make long-term bonds an attractive investment Central banks did last week what the market had expected. After raising interest rates ten times in a row, the Federal Reserve began a pause. The ECB raised interest rates again and is also continuing to sell bonds. The Fed's explanation revealed that interest rates may be raised twice more this year, but given the development of inflation, this is no longer necessary. US inflation is likely to reach the 2 percent target in the second half of the year. Inflation in Europe is more persistent. The ECB raised expectations regarding the development of inflation in the eurozone and pos