RE:RE:RE:Feds concerned with cutting rates too soon: Yup, I totally agree Experienced.
The bond market is not confident that Jay Powell can get inflation back to 2% target. It is worth noting that since the last rate hike on July 26, the 10 year treasury increased by just over 30 bps, which is suggesting inflation is not under control and we might see another rate hike!
keep in mind that gasoline prices, what we pay at the pumps, is down significantly from over a year ago and yet Cpi in the US is still above 3%. What happens if gasoline prices go up from here?