Sage Investment Club

He is right about customers being price conscious. There are substitutes.

The US stocks are reacting positively to the remarks. We really haven’t heard a Fed member admit that they would love to be wrong. Most say we will raise rates to 5-5.25%, and keep rates there for an extended period of time. Although Waller did say he does not see rates coming down in 2023, he also said, “if wrong, would be happy to lower rates”. The market likes that viewpoint.

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