True, other factors will play a part, but the above play is coming, other factors will be more fuel on the fire.
US housing is crashing on 150% gain in mortgage rates.
US consumer is maxing out credit cards
US consumer personal savings is sinking hard
Powell might be fighting 8% inflation, but he is laying the scene for a swing to horrible deflation, and that is the one thing central bankers must not have. BRRRRR will result. Think March 2020 lift off!
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