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Really is a losing battle, but they will raise in September, no other choice, inflation comes first, bonds are an issue anyway (one they are trying to solve indirectly)
Good morning.
If the Fed *raises* rates then gov't interest expense rises, causing larger deficits and the US Treasury needing to issue more debt, causing long term rates to go *higher*. If the Fed *lowers* rates, then fears of persistent inflation cause bond investors to demand more premium for lending money, and this also causes long-term rates to go *higher*.
In short, good luck Kevin. Good luck Scott.
And have a great day.
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