Fed saying the peak rate 5% next year. imo this news -had- to accompany a 50bp hike or apes would have prematurely partied. I think the 4000% climb up to now was worse.
They want to raise as much across 2023 as they rose in November 2022 alone. Of course there are layers of complexity here, but looking at the topical move here, I don't think its thats bad and the. The question now is how long they maintain the peak rate. Could be through H1 2023 or longer if inflation is stubborn.
In summary I think we are approaching the range where markets offer an increasingly attractive risk/reward for averaging into positions over the next six months to year.
They want to raise as much across 2023 as they rose in November 2022 alone. Of course there are layers of complexity here, but looking at the topical move here, I don't think its thats bad and the. The question now is how long they maintain the peak rate. Could be through H1 2023 or longer if inflation is stubborn.
In summary I think we are approaching the range where markets offer an increasingly attractive risk/reward for averaging into positions over the next six months to year.