"Holding" feels passive. It isn't.
Every mortgage, corporate bond, and consumer loan resetting at 3.5-3.75% is tightening in the real economy — even while the headline rate stays flat. The squeeze ...
The Fed can't cut. PCE at 3.2%, 1-year inflation expectations at 4.8% — cutting hands inflation a permission slip and burns credibility.
Can't hike. Q1 GDP contracted. Unemployment rising.
When inputs point in opposite directions, you hold. But holding isn't free — the clock runs.
Can't hike. Q1 GDP contracted. Unemployment rising.
When inputs point in opposite directions, you hold. But holding isn't free — the clock runs.
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