RE:The market dictates, not the FED.Problem is the FED don't give a cr@p about the markets and wants lower asset prices to prove their point. They don't get that they will not get back to 2% inflation anytime soon. The supply chain problems and demographics of boomers retiring are not going away for a long time.
If they think they can just keep raising til 10% to get their 2% then they will indeed make us cry uncle but have a disaster on their hands. I think they have no choice but to pause next week. If they don't then look out below.