Fed Raises Rates and Says It Isn’t Done Yet. We Think It Is.

Even as the Fed says it expects “ongoing” rate hikes, we expect the next move will be to cut rates by year-end.

Although the Federal Reserve is still saying that further increases in the federal-funds rate are on the horizon, we’re skeptical. We believe the Fed is likely done with its rate hike campaign after the February meeting.

Read more here: https://www.morningstar.com/articles/1134753/fed-raises-rates-and-says-they-arent-done-yet-we-think-they-are