It seems the cats are frozen in fear, unable to jump, therefore unable to die and bounce lol …
An excerpt from an article in the New York Times …
[[[ What was remarkable about Mr. Powell’s relative lack of caution is that the world has lately been giving the Fed ample reason to drag its feet a bit. The rise in Covid-19 cases driven by the Omicron variant may quickly pass, but it has quite clearly hurt the economy, reducing spending and pulling people out of work. On top of that, Russia might soon attack Ukraine. And equity markets have fallen out of bed this year—especially tech stocks—partly on worries that a Fed tightening cycle might end badly for the economy.
Of course any of those things might lead the Fed to rethink matters. The economic data could take a worse-than-expected turn, for example, or stocks could fall really significantly from where they are now. But in the absence of anything really adverse happening, the Fed seems likely to raise rates at least three times in a row.
And if inflation has started to settle down by the summer, or the rebound in the economy post-Omicron is especially strong, or if hiring strains continue to worsen, the Fed could keep on hiking. The Fed has provided the economy with a huge amount of support since the pandemic struck. Now investors have to figure out what will happen as the proverbial punch bowl is yanked away. ]]]
