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Non-Tech : Kirk's Market Thoughts
COHR 197.65+2.5%3:59 PM EST
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To: Investor2 who wrote (16224)7/3/2023 10:57:24 AM
From: Kirk ©  Read Replies (1) of 26758
 
You're welcome.

I see you follow the Fed and interest rates closely.

Do you have or seen any charts showing their "dot chart projections" vs time for the last 3 years or so?

I seem to recall they thought inflation was transitory and would peak out at about 3.5%... and it eventually peaked out at 9.1% much later than they thought.

They may blame Biden's "Inflation Acceleration Act" for the huge miss but I think they have equal responsibility by keeping interest rates too low for too long (not a hard thing to say now.)

Thanks
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