The Problem with Pausing, Charles Schwab CEO, and Bet on Housing? 3/14/23
The Exchange
00:00
Is There a Need to Stop the Fed?
The 12th standard deviation move is a new equilibrium, Kelly. It's a new sense of where the Fed is going and what it's going to do over the next several months. The March FOMC meeting probabilities are now still a 25 hike there. That was a 60 or 70% probability that a week ago. But longer term guys, look at the January 2024 Fed contract. That's where the big move is. You've been up as high as 150 on that January 24contract. And now, where are you? You're down at 440. So you've taken 100 base points off of it. I think Larry's right about a lot of what he says. He's
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