Rate Hike Higher than Expected – Fed Wrong Again

The September Fed Meeting is rare because it’s one of only four Federal Reserve meetings each year where the Statement of Economic Projections (SOEP) is released. June’s SOEP showed the Fed was wrong again about their economic projections. That means the interest rate hikes will be higher than expected throughout the rest of this year and 2023. Higher than expected interest rate hikes could send the economy into a deep recession and cause a significant stock market crash.

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