SCHH - Riders On The Storm

• During the last Fed rate raising cycle, it took the Federal Reserve five years to raise the fed funds rate to 2.50%.
• The Fed kept rates far too low for far too long and now we are dealing with the consequences. Both fiscal and monetary policy have been highly inflationary, and we are now living with the results: the highest inflation rate in the last four decades.
• The markets may correct further, but the Fed will end up pivoting by the second half of this year, I believe, as asset markets falter and the economy slows down and heads closer to a recession.

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