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When do you think U.S. enters recession and the Fed cuts rate?
@KevinChenNYC：
This is historic! For the first time since the past 15 years, real interest in the U.S. is positive. Fed fund rates at 5.1%. CPI at 4.9%. Real rates at 0.2%. However, for the poor people, core CPI of 5.5% is still way too high. In addition, no bank gives you 5%. What a shame! Image One will need to move their deposit to money market funds to get “real positive rate”. Financial repression continues in the U.S.! When do you think U.S. enters recession and the Fed cuts rate? A. Q3 2023 B. Q4 2023 C. Q1 2024 D. Soft Landing, No resn.
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