- The SEP assume a sharp drop in inflation, no recession and a limited rise in unemployment
- But, unless the Fed drives equities lower, far from slowing, growth could even reaccelerate
- Stocks are much less sensitive to the level of rates than the availability of liquidity
- While QT should address this, the debt ceiling could complicate the Fed’s job
___________
To read more of this exclusive content, please log in below. If you have an account but have not purchased access or signed up for a free trial, click here.
