Thanks for the visuals. I wonder how long the Fed will go before acknowledging they backed themselves into a corner with ineffective policy? It would be nice if they just admitted they had made a mistake, informed the public they were going to change course, and proceeded to raise rates (at least to levels commensurate with inflation). Yes, in the short-term markets would correct and economic numbers would probably continue to soften, but it would restore confidence in the system over time.
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