Americans Are Feeling This Biden Economy And It’s Not Bringing Happy Faces

Americans Are Feeling This Biden Economy And It’s Not Bringing Happy Faces

The picture for U.S. equities and bonds is becoming even more gloomier as predictions for how quickly the Federal Reserve will need to hike rates soar due to hot inflation. After the Fed hiked rates by 225 basis points this year, investors have been debating for weeks whether the entire scope of its hawkishness has been included into market prices. Many investors also expect the Fed to raise rates by an additional 75 basis points at its meeting next week. The argument that the central bank will need to be much more hawkish than anticipated in the coming weeks is…

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