Biden's Economic policies are a plus

[HarleyDog]

(08-08-2023, 02:18 PM)Goalpost Wrote: We are basically at the mercy of the Fed at this point.  They have likely paused in raising rates but some Fed governors have hinted they aren't finished.  The upcoming monthly data will determine things.  Employment and consumer prices are logically the key data points they are looking at.  I think the economy is stronger than they thought it would be, and they are worried that inflation...that last percent or two...they want it at 3 percent... remains stubborn to get to.  A lot of people want them to reduce rates on behalf of housing and credit cards but those issues are likely to still remain longer.

Many opinions on Wallstreet believe the last hike was too much. We have yet to see the results of the last several raises. Some feel this last one might be the one that prevents the soft landing they were looking for.