After the September meeting pause last week, the target range for the fed funds rate remained at 5.25% to 5.50%.
First, I don't know a soul besides me who agrees with that 20-year versus fed funds rate yield prognosis.
They think the fed funds rate will come down or the 20-year yield is already extended.
Second, I don't know anyone else who believes the economy is so strong that the Fed is correct to keep on an anti-inflation course.
I don't think so.
Persons:
We've, Jerome Powell, Powell, It's, —, that's, — let's, it's, Bob Iger, Charlie Scharf, there's, Einstein, Salesforce, Elliott, Bill Newlands, Constellation, William Giles, Giles, Bud, Tom Jorden, Coterra, Jim Cramer's, Jim Cramer, Jim, Angela Weiss
Organizations:
Federal Reserve, Fed, Treasury, Apple, Club, Disney, Hulu, CNBC, Comcast, DIS, ABC, ESPN, Nexstar Media, YouTube, Apple's, Wells, Constellation Brands, Constellation, Elliott Management, Autozone, San, Coterra Energy, & Gas, Ford, Traders, New York Stock Exchange, AFP, Getty
Locations:
U.S, New Jersey, Gary's, Madison —, Wells Fargo, Wells, What's, slowdowns, Texas, San Miguel, Brooklyn , New York, AMZN, CTRA