Re: Bloody October? Margin
The path is fairly clear. Inflation is on the way down. Remember , action taken has many months to do its work. One increase may be needed if there is a spike in inflation for consecutive months. Unlikely at present, so steady as she goes. When, inflation rates reduce to acceptable levels, of 2% core, the Fed, may start a timid drop in rates. The other factor is growth rates in the economy. If they remain positive, no rate drops needed. Powell has done a superb job, for over 2 years. Not exciting, but competent.. in that job, we donít want exciting people.. Just like Yellen . No Greenspan ever wanted again.