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Rates of interest are an necessary driver of the financial system and monetary markets. And what has occurred to the S&P 500 index since The Federal Reserve began elevating their goal charge on Could 4, 2023 to combat surging inflation?
Since that deadly day, the S&P 500 index has fallen -6% and fairness REITs (business actual property) has fallen -16%.
Though The Fed has pledged to maintain elevating charges to combat inflation (and additional decimate retirement accounts), traders are pointing to a peak (terminal) Fed charge of 5.44% on the September 2023 FOMC assembly. Then charge cuts following the September 2023 assembly.
In fact, a lot of the blame belongs to former Fed Chair Ben (QE) Bernanke and present Treasury Secretary Janet “Too Low For Too Lengthy” Yellen who by no means met a Fed charge hike that she favored. However Yellen LOVES making a gift of US taxpayer {dollars} … to Ukraine.
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