Yesterday, the Fed walked back its aggressive predictions for rate cuts next year and the year after, admitting inflation is a bit stickier than anticipated. That shouldn’t be a surprise. When the Fed cut rates back in September, the 10-year Treasury changed hands at 3.70% and is currently at 4.53% after 1.0% of cuts. News flash: the market isn’t buying what the Fed is selling.
Action Line: Don’t believe the so-called “experts.” You’re living in a time when “experts” tell you not to worry about those drones flying over your house. Thanks, but no thanks. Email me at ejsmith@yoursurvivalguy.com
Originally posted on Your Survival Guy.
