The Fed is in a lose-lose situation:
On one hand you have signs of a slowing economy and consumers are paying historically high interest rates.
On the other hand, inflation is rising again and the Fed is risking losing credibility.
Meanwhile, US debt nears a record $35 trillion and the US government needs lower rates more than anyone.
Not to mention, there's a presidential election months away and credit card debt is above a record $1.1 trillion.
All while multiple wars have broken out sending oil prices to $90 and global supply chains are messed up.
What would you do if you were the Fed?
This is exactly why the Fed continues to take a "meeting by meeting" approach.
They cannot commit to a specific path because there are too many variables.
The Fed's job is far from done right now.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
