Trade wars, and Facebook, and interest rates, OH MY!
As with so many things in life, the answer to your question depends on who you talk to. The Fed is looking to increase rates now, and then several times more in the coming years on Powell’s confidence of strong U.S. growth. But is his confidence misplaced?
The yields on a 2-year to 10-year are compressing… The market is basically anticipating a slowdown in economic growth rather than expansion in economic growth. All of those factors should be a big warning sign to investors.