Is the Fed Going to Cut Rates This Year?

We don't expect the Fed to cut rates this year we think that right now the market is pricing a terminal rate of around 0.3 percent above where we are today. Yes we may actually go higher than that I had said a few weeks ago that we may go up to 5.5 percent before we are done with the rate hikes and again I think what the Fed will do is so it will continue hiking and then pause, depending on how inflation evolves they may have to do more. We could still have a scenario where the GDP for 23 is not negative but we have started under a recession. It's really hard for them to get back to 2 percent and I'm not sure that