And all it took was the Federal Reserve raising the federal funds rate by less than 100 bps after a decade and a half of rock bottom rates.
I have nothing more to add. I'm going to go outside and breathe some fresh air.
I have nothing more to add. I'm going to go outside and breathe some fresh air.
/s
It's good to try and get all all the data you can, but inferring how someone feels based on extra-textual elements is not a particularly scientific affair. Judges and lawyers commonly say "you can't possibly know how this other person felt" or "you can't possibly know what this other person thought", even when appearances are highly suggestive... for good reason.
I'd love to get a flash poll of the finance industry and see how much people believe 1-8% interest rates are possible over the next 5 years. I bet a lot in the market think 3% interest rates are just not gonna happen.
There are many more serious factors than simply a rate increase, each of which alone could lead to a recession, all of which come close to guaranteeing one.
> More rate rises are expected. The Economist Intelligence Unit expects the Fed to raise rates seven times in 2022, reaching 2.9% in early 2023.
(The Guardian)