SEPTEMBER 28, 2026
INTEREST RATES – The market currently places the Fed Funds Rate at 4.2%-4.4%. The Fed just raised the actual Fed Funds Rate to 3.75%-4.0%. Another 25bp increase is needed. But, that can change before their next meeting. The chance of a decrease is essentially zero.
HOUSING – It is good to see the average 30-year mortgage rate above 7% again. This is a solid, and affordable, market level. Below this is artificially low. Spec new housing construction continues to reach all-time high levels. This is occurring with a huge amount of unsold new homes. The average price of a new home has declined 8.8% in a year. And that does not include the ever-increasing freebies that builders are throwing at potential buyers (and hiding from sales contracts and recorded prices!). (Sarcasm intended now…) For a country with a housing shortage, it is amazing that we can have a near-record number of unsold new homes and apartment vacancy rates much higher than they were 3-4 years ago. The reality has been for 25 years that we have WAY WAY WAY too much housing in this country.
ECONOMY – The 3rd Quarter is ending and the market says zero chance of a recession through the 1st Quarter of 2027. GDP growth for each of the last two quarters is expected to be around +2.0%-2.5%. The Atlanta Fed’s indicator is +5.0% for the 3rd Quarter. But, it has been way off many times. The point is people have been screaming that a recession has been upon us since 2022…..5 years of being 100% wrong.
SENATE ELECTION – Hopefully, we will get a lot more data in October. Right now, it is looking like 52 Dems to 46 GOP with 2 too close to call. The trend all along has been a definite Dem win in the Senate. When states like Ohio and Texas have favored the Dem solidly all along and my state of SC has the race down to the GOP candidate (Graham) being favored by less than 5 points, it looks like a sold Dem performance in the Senate. SC should have Graham easily favored by 10-15 points. As I mentioned before, there just isn’t enough data to make a forecast for the House. What I originally posted, still holds (Dems taking control by less than 10 seats…sort of a flip of what the GOP has now). This is all a cursory look at the data. I no longer spend time really digging deep into it.
That is all that is my mind for now. Absorbing the news that OpenAI won’t release ChatGPT 6.1 – because they can no longer control it. Frustrating. Just give it to me to have some fun lol
Shalom,
The Mann
Tag Archives: Fed Funds Rate
INTEREST RATE & ECONOMY UPDATE
SEPTEMBER 16, 2026 – The Fed did as the market instructed and raised the Fed Funds Rate by 25bp today.
Over a year ago, my August 12, 2025 post said it was more likely that an increase would occur than a decrease. I am confident I was the only person who said an increase was coming. A year later we got it.
How did I make such a forecast when nearly 100% of the pundits forecast further declines? I have mentioned it many times before – the Elliott Wave Theory. The EWT has let me tell you for the past 18 months that interest rates would soar well over the 5% level. And they have done just that.
ECONOMY – An interesting disagreement between two recession predictors may occur soon. The stock market has clearly said there will be no recession through the 1st Quarter of 2027. In my August 1, 2025 post, I mentioned the yield curve is another recession predictor. Back then it was at -35bp. Today it is around +65bp. I mentioned that when it gets to +100bp we are in a recession. The good part is it moves slow. So, we know well ahead of time if it says we are in a recession. 13 months later it has moved 100bp and is 35bp from the 100bp target.
I hope I don’t have to make a call between these two indicators. If I do, I will side with the stock market. It is a reflection of how the smart money sees the economy in 6 months. The yield curve is simply a math equation.
To avoid this conflict of indicators, either the stock market needs to drop soon and significantly or the yield curve needs to flatten out.
As always, we shall see. No need for me to opine now. We have time.
Shalom,
The Mann
Over a year ago, my August 12, 2025 post said it was more likely that an increase would occur than a decrease. I am confident I was the only person who said an increase was coming. A year later we got it.
How did I make such a forecast when nearly 100% of the pundits forecast further declines? I have mentioned it many times before – the Elliott Wave Theory. The EWT has let me tell you for the past 18 months that interest rates would soar well over the 5% level. And they have done just that.
ECONOMY – An interesting disagreement between two recession predictors may occur soon. The stock market has clearly said there will be no recession through the 1st Quarter of 2027. In my August 1, 2025 post, I mentioned the yield curve is another recession predictor. Back then it was at -35bp. Today it is around +65bp. I mentioned that when it gets to +100bp we are in a recession. The good part is it moves slow. So, we know well ahead of time if it says we are in a recession. 13 months later it has moved 100bp and is 35bp from the 100bp target.
I hope I don’t have to make a call between these two indicators. If I do, I will side with the stock market. It is a reflection of how the smart money sees the economy in 6 months. The yield curve is simply a math equation.
To avoid this conflict of indicators, either the stock market needs to drop soon and significantly or the yield curve needs to flatten out.
As always, we shall see. No need for me to opine now. We have time.
Shalom,
The Mann
FED FUNDS RATE
JULY 27, 2026 – The market has the Fed Funds Rate priced at 3.9%-4.1%. It is set at 3.5%-3.75%. The Fed will not change rates this week. However, the market is suggesting a rate increase before yearend may be needed. Right now, the odds are strong for an increase at the September meeting. As an aside, the 30-Year Treasury Bond rate is the highest it has been since 2007! That is amazing. Anyone expecting mortgage rates to go down is expecting wrong.
AMAZING STAT OF THE DAY – I recently read that of the 500 companies in the S&P 500 in 1996 only 165 exist today. Around 2/3rds of the 500 largest companies in America 30 years ago have disappeared!!! That is incredible. However, I would not be surprised if 80%-90% of today’s S&P 500 companies are gone in just 20 years. As Jeff Bezos said years ago, one day Amazon will be gone.
Shalom,
The Mann
INFLATION UPDATE & CONGRATS TO ELON THE WORLD’S FIRST TRILLIONAIRE!!!!!!
JUNE 11, 2026 – May CPI came in at 4.2%. For now, there really is no sense in trying to forecast the CPI. However, the data expected 4.0%-4.4%. The figure came in dead center of that range. For the next report, the data expects 4.4% to 4.8%.
FED FUNDS RATE – Almost a year late, the market has come to realize an increase is the most likely when a change is made. However, no change is expected at the next meeting.
ELON MUSK – People have been jealous of the rich for ages. Many people say no one should be a billionaire. It will be funny to watch their heads explode on Friday June 12th when Elon becomes the world’s first trillionaire. I estimate he may, in fact, be worth up to $3 trillion that day. Congrats to him and all his accomplishments. He has revolutionized 3 separate industries and is CEO of 2 of the Top 10 companies in the world. Insanely impressive. And to think probably 99%+ of his wealth is held in stock. He has very little in liquid assets.
Shalom,
The Mann
FED FUNDS RATE – Almost a year late, the market has come to realize an increase is the most likely when a change is made. However, no change is expected at the next meeting.
ELON MUSK – People have been jealous of the rich for ages. Many people say no one should be a billionaire. It will be funny to watch their heads explode on Friday June 12th when Elon becomes the world’s first trillionaire. I estimate he may, in fact, be worth up to $3 trillion that day. Congrats to him and all his accomplishments. He has revolutionized 3 separate industries and is CEO of 2 of the Top 10 companies in the world. Insanely impressive. And to think probably 99%+ of his wealth is held in stock. He has very little in liquid assets.
Shalom,
The Mann
INFLATION & FED FUNDS RATE UPDATES
MAY 13, 2026 – April CPI came in at 3.8%. For now, there really is no sense in trying to forecast the CPI. The data expects CPI to be 4.0%-4.4% in the next report.
FED FUNDS RATE – The market still has the Fed Funds Rate priced at 3.7%. It is set at 3.75%-4.0%. Nothing has changed since the events started with Iran. Talk of a rate increase has picked up significantly. It is only about 9 months after I suggested such:) Why was it possible to predict a possible rate increase 9 months ago when the market was giving it a 0% chance of occurring? Simply put, the Elliott Wave Theory.
The 30-year Treasury Bond yield is over 5% and has increased by 100bp (!!!) since The Fed started lowering rates. Any day now it should exceed the October 2023 high (5.12%) which will place it at a 19-year high (July 2007). We all remember what occurred in 2008-2009.
GENOME – I have the results of my genome sequencing and will discuss when I have time. Pretty neat info.
Til next month re the above two items.
Shalom,
The Mann
FED FUNDS RATE – The market still has the Fed Funds Rate priced at 3.7%. It is set at 3.75%-4.0%. Nothing has changed since the events started with Iran. Talk of a rate increase has picked up significantly. It is only about 9 months after I suggested such:) Why was it possible to predict a possible rate increase 9 months ago when the market was giving it a 0% chance of occurring? Simply put, the Elliott Wave Theory.
The 30-year Treasury Bond yield is over 5% and has increased by 100bp (!!!) since The Fed started lowering rates. Any day now it should exceed the October 2023 high (5.12%) which will place it at a 19-year high (July 2007). We all remember what occurred in 2008-2009.
GENOME – I have the results of my genome sequencing and will discuss when I have time. Pretty neat info.
Til next month re the above two items.
Shalom,
The Mann
FED FUNDS RATE & ECONOMY UPDATE
April 30, 2026 – As expected, the Fed did not lower the Fed Funds Rate at yesterday’s meeting. Unexpected was Powell &**#*# over Trump by staying on as a Governor. This leaves the Board at 4-3 against Trump selections.
In my 40+ adult years, I noticed that SCOTUS and most judges do not make rulings based on the letter of the law. They make their decision based on which political party put them into their position. The last people I trust to interpret law are our judges. Now, it is likely the Fed Board will vote in the same way. This could lead to the Fed moving the Fed Funds Rate when the market says don’t. This would be the FIRST time the Fed ever dictated interest rates! How the bond and stock markets react will be very interesting. But, we haven’t got to this event…yet.
ECONOMY – The initial 1st Quarter GDP came in at +2.0%. The early projection for 2nd Quarter is a whopping +3.7%! It was over a year ago the Tariff Tantrum occurred. As I said over and over, tariffs had ZERO chance of sending us into a recession. That case is long closed. Remember all of those people who shouted recession and don’t pay attention to them again.
The stock market is pretty much saying the economy is safe through the 3rd Quarter. With 2nd Quarter GDP very likely to be positive, a recession cannot occur until after this year ends.
A side note about GDP. For the first time, the effect of AI entered the GDP equation. Without AI, First Quarter GDP would have been much lower than +2.0%. This is not a one-time deal. This is now a permanent part of the Economy and GDP. If forecasts come to fruition, we will start seeing 4% and 5% and higher GDP. None of it due to population growth (below 0.7% annually already….btw, I saw a study, that even NAR noted, say there are over 15 million (!!!) vacant houses in the USA…..sort of kills that NAR and NAHB narrative about a housing shortage eh!), FYI, the end game of AGI (remember, AI is cave man era stuff….AGI is the real change to this world) is we will no longer have GDP readings or really an economy. GDP could hit numbers like +100%. It will no longer have meaning. We are 4 or so years away from that though.
The other thing the stock market has disproven over the past few months is the myth that a war is bad for stocks. Not! There have been numerous examples of stocks going up during wartime. Thankfully, I learned as a teenager all of these assumptions about war affecting stocks or earnings many anything on and on were wrong. Fundamentals have nothing to do with the stock market. But, 99.99999999% of people will never believe that. That is a good thing:)
INFLATION – Adding a note about this item on the fly. The Mideast situation entered what I thought might happen when the initial ceasefire was announced – a sort of perpetual ‘dirty’ ceasefire. I believe Trump thinks he can make Iran capitulate by destroying their economy. I don’t think that is possible. Iran and Russia have survived all economic attacks. I think the only way to keep Iran from messing with the Straits is do what Trump said he was about to do – send them back to the time of Persia. Drones are too cheap and numerous to ever stop. So, you have to make it so the enemy surrenders unconditionally – like Japan. I am not condoning anything. Just my observation of what it would take to 100% end this situation.
That said, the point is Oil appears to be set to remain high for an extended period of time. Unlike tariffs, this will result in inflation going up. Transportation is a significant part of most prices. As I mentioned initially, it can take up to 4-6 months for Oil to get to its destination and be used as needed. It will likely take the remainder of the year for higher Oil prices to result in a steadily higher CPI. A moving average of CPI will likely be more useful than monthly figures due to atypical volatility.
Until next time.
Shalom,
The Mann
In my 40+ adult years, I noticed that SCOTUS and most judges do not make rulings based on the letter of the law. They make their decision based on which political party put them into their position. The last people I trust to interpret law are our judges. Now, it is likely the Fed Board will vote in the same way. This could lead to the Fed moving the Fed Funds Rate when the market says don’t. This would be the FIRST time the Fed ever dictated interest rates! How the bond and stock markets react will be very interesting. But, we haven’t got to this event…yet.
ECONOMY – The initial 1st Quarter GDP came in at +2.0%. The early projection for 2nd Quarter is a whopping +3.7%! It was over a year ago the Tariff Tantrum occurred. As I said over and over, tariffs had ZERO chance of sending us into a recession. That case is long closed. Remember all of those people who shouted recession and don’t pay attention to them again.
The stock market is pretty much saying the economy is safe through the 3rd Quarter. With 2nd Quarter GDP very likely to be positive, a recession cannot occur until after this year ends.
A side note about GDP. For the first time, the effect of AI entered the GDP equation. Without AI, First Quarter GDP would have been much lower than +2.0%. This is not a one-time deal. This is now a permanent part of the Economy and GDP. If forecasts come to fruition, we will start seeing 4% and 5% and higher GDP. None of it due to population growth (below 0.7% annually already….btw, I saw a study, that even NAR noted, say there are over 15 million (!!!) vacant houses in the USA…..sort of kills that NAR and NAHB narrative about a housing shortage eh!), FYI, the end game of AGI (remember, AI is cave man era stuff….AGI is the real change to this world) is we will no longer have GDP readings or really an economy. GDP could hit numbers like +100%. It will no longer have meaning. We are 4 or so years away from that though.
The other thing the stock market has disproven over the past few months is the myth that a war is bad for stocks. Not! There have been numerous examples of stocks going up during wartime. Thankfully, I learned as a teenager all of these assumptions about war affecting stocks or earnings many anything on and on were wrong. Fundamentals have nothing to do with the stock market. But, 99.99999999% of people will never believe that. That is a good thing:)
INFLATION – Adding a note about this item on the fly. The Mideast situation entered what I thought might happen when the initial ceasefire was announced – a sort of perpetual ‘dirty’ ceasefire. I believe Trump thinks he can make Iran capitulate by destroying their economy. I don’t think that is possible. Iran and Russia have survived all economic attacks. I think the only way to keep Iran from messing with the Straits is do what Trump said he was about to do – send them back to the time of Persia. Drones are too cheap and numerous to ever stop. So, you have to make it so the enemy surrenders unconditionally – like Japan. I am not condoning anything. Just my observation of what it would take to 100% end this situation.
That said, the point is Oil appears to be set to remain high for an extended period of time. Unlike tariffs, this will result in inflation going up. Transportation is a significant part of most prices. As I mentioned initially, it can take up to 4-6 months for Oil to get to its destination and be used as needed. It will likely take the remainder of the year for higher Oil prices to result in a steadily higher CPI. A moving average of CPI will likely be more useful than monthly figures due to atypical volatility.
Until next time.
Shalom,
The Mann
INFLATION and FED FUNDS RATE UPDATE
April 11, 2026 – March CPI came in at 3.3%. The increase was solely due to fuel prices increasing by a record-breaking 20%+. Without that item, CPI would have been at the originally expected 2.4%. For now, there really is no sense in trying to forecast the CPI. Fuel prices are likely to go up and down double-digits for several months. Once things finally settle down, I will see where we stand. For the heck of it, my data expects CPI to be 3.2%-3.6% in the next report.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.7%. It is set at 3.75%-4.0%. Nothing has changed since the events started with Iran. For a bit, the market was pricing in the chance of an INCREASE in rates this year. I had mentioned last Summer that an increase was more likely than another decrease. After the cease fire (As I write this, the USA and IRAN are meeting for the first time since 1979….I have no idea how the talks will turn out), the market priced away the chance of an increase this year.
FUTURIST TIDBIT – This month it is simply factual information about how AI is replacing workers. What is not mentioned in the Amazon item is they plan on NOT hiring the 600,000 people they will need over the next 5 years. AI will handle all of those jobs! I leave you with these items:
Salesforce cut its support team from 9,000 to 5,000 after AI started handling half their customer conversations. Amazon cut roughly 30,000 corporate roles, saying AI lets them run leaner. Klarna’s AI assistant replaced the equivalent of 700 human agents. IBM is slowly letting 7,800 back-office positions evaporate through attrition. SAP announced a restructuring of 8,000 roles and promised 500 million euros in additional annual profit.
ARTEMIS – I will keep my thoughts short. This was so 1969. Boring. Nothing new. They didn’t even land on the moon!!!!!! I guess when you grow up near the Cape and see the entire Skylab and Space Shuttle programs you aren’t impress by a moon redux. I love NASA and space stuff. But, this was a total waste of time and money. What is impressive is how we went to the moon in the 1960s using just an abacus:) I look back and am amazed how we accomplished such almost 60 years ago.
Til next month. We may know alot more re the Middle East. Or we will be in a long, slow phase of who knows how this will end.
Shalom,
The Mann
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.7%. It is set at 3.75%-4.0%. Nothing has changed since the events started with Iran. For a bit, the market was pricing in the chance of an INCREASE in rates this year. I had mentioned last Summer that an increase was more likely than another decrease. After the cease fire (As I write this, the USA and IRAN are meeting for the first time since 1979….I have no idea how the talks will turn out), the market priced away the chance of an increase this year.
FUTURIST TIDBIT – This month it is simply factual information about how AI is replacing workers. What is not mentioned in the Amazon item is they plan on NOT hiring the 600,000 people they will need over the next 5 years. AI will handle all of those jobs! I leave you with these items:
Salesforce cut its support team from 9,000 to 5,000 after AI started handling half their customer conversations. Amazon cut roughly 30,000 corporate roles, saying AI lets them run leaner. Klarna’s AI assistant replaced the equivalent of 700 human agents. IBM is slowly letting 7,800 back-office positions evaporate through attrition. SAP announced a restructuring of 8,000 roles and promised 500 million euros in additional annual profit.
ARTEMIS – I will keep my thoughts short. This was so 1969. Boring. Nothing new. They didn’t even land on the moon!!!!!! I guess when you grow up near the Cape and see the entire Skylab and Space Shuttle programs you aren’t impress by a moon redux. I love NASA and space stuff. But, this was a total waste of time and money. What is impressive is how we went to the moon in the 1960s using just an abacus:) I look back and am amazed how we accomplished such almost 60 years ago.
Til next month. We may know alot more re the Middle East. Or we will be in a long, slow phase of who knows how this will end.
Shalom,
The Mann
INFLATION and FED FUNDS RATE UPDATES
March 13, 2026 – February CPI came in at 2.4%. This was around the consensus and in the middle of my projected range. 3-month inflation is 3.3% and 6-month inflation is 1.7%. This brackets the annual rate.
My data expects CPI to be 2.3%-2.5% in the next report. I think that is reasonable with the odds being more towards the high end.
Now that the tariffs argument is pushing up daisies, the inflation mongers get to grab on to high oil prices. Although transportation is a significant cost, I don’t think it will translate to a huge inflation bump. But, I would expect some increase this Summer. It takes 45-120 days for oil to get shipped around to various places in the world. So, any tick up in CPI due to current oil prices won’t occur for 4-6 months. The futures market is pricing oil in 6 months at pre-conflict prices. Something will happen. It just won’t be huge.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.7%. It is set at 3.75%-4.0%. No change at the next meeting looks likely. In fact, the market has changed to not expecting any rate cuts this year! A side note, the 30-year rate is about to hit 5% again.
FUTURIST TIDBIT – For those that read to the end, I will provide a tidbit of information about how quickly we are advancing down the AI highway. The company OSMO has digitized smell. We first digitized sight. Then we digitized sound. Now, it is smell. I guess one day the other senses will be digitized. When I look at everything, I am amazed that we are simply a world of 1s and 0s. Every picture. Every video. Every sound. Simply consist of 1s and 0s. Think about that. Now you can add smell to that list:)
I’ll briefly mention a second tidbit as I have not dug deeper into this event. Standford University has successfully created energy in space and transferred it to Earth. Ultimately, besides fission and/or fusion, this will lead to unlimited cheap to free electricity worldwide. Elon Musk has said he will need to use space for the amount of electricity his companies will need. When OpenAI alone will use more electricity than all of India, you see the need for new ways to create power. Space with its cold temp is ideal. More in future posts.
As one of my 1980s bands sang – the future is so bright, I have to wear shades:)
Shalom,
The Mann
My data expects CPI to be 2.3%-2.5% in the next report. I think that is reasonable with the odds being more towards the high end.
Now that the tariffs argument is pushing up daisies, the inflation mongers get to grab on to high oil prices. Although transportation is a significant cost, I don’t think it will translate to a huge inflation bump. But, I would expect some increase this Summer. It takes 45-120 days for oil to get shipped around to various places in the world. So, any tick up in CPI due to current oil prices won’t occur for 4-6 months. The futures market is pricing oil in 6 months at pre-conflict prices. Something will happen. It just won’t be huge.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.7%. It is set at 3.75%-4.0%. No change at the next meeting looks likely. In fact, the market has changed to not expecting any rate cuts this year! A side note, the 30-year rate is about to hit 5% again.
FUTURIST TIDBIT – For those that read to the end, I will provide a tidbit of information about how quickly we are advancing down the AI highway. The company OSMO has digitized smell. We first digitized sight. Then we digitized sound. Now, it is smell. I guess one day the other senses will be digitized. When I look at everything, I am amazed that we are simply a world of 1s and 0s. Every picture. Every video. Every sound. Simply consist of 1s and 0s. Think about that. Now you can add smell to that list:)
I’ll briefly mention a second tidbit as I have not dug deeper into this event. Standford University has successfully created energy in space and transferred it to Earth. Ultimately, besides fission and/or fusion, this will lead to unlimited cheap to free electricity worldwide. Elon Musk has said he will need to use space for the amount of electricity his companies will need. When OpenAI alone will use more electricity than all of India, you see the need for new ways to create power. Space with its cold temp is ideal. More in future posts.
As one of my 1980s bands sang – the future is so bright, I have to wear shades:)
Shalom,
The Mann
INFLATION & FED FUNDS RATE UPDATE
FEBRUARY 17, 2026 – January CPI came in at 2.4%. This was below the consensus 2.5% and should put the discussion of tariffs to bed permanently. 3-month inflation is 0.6% and 6-month inflation is 1.4%. It looks like concerns regarding 3% are history. Getting to 2% will be extremely difficult. But, I am not sure it is needed.
My data expects CPI to decrease significantly to 2.0%-2.1% in the next report. I think it will be in the 2.3%-2.5% range.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.6%-3.7%. It is set at 3.75%-4.0%. No change at the next meeting looks likely.
Shalom,
The Mann
My data expects CPI to decrease significantly to 2.0%-2.1% in the next report. I think it will be in the 2.3%-2.5% range.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.6%-3.7%. It is set at 3.75%-4.0%. No change at the next meeting looks likely.
Shalom,
The Mann
RIP TARIFFS ARGUMENT
JANUARY 26, 2026 – Now, it is official that everyone that said tariffs would lead to runaway inflation and a recession have been PROVEN WRONG! Will they admit it? No. Just research anyone you hear to see if they had predicted tariffs would be a problem. If they did, then why listen to them now? You heard me say from the beginning they would not be a problem.
December CPI came in at an amazing 2.7%. It is hard to explain how incredible the year ending below 3.0% is. I doubt anyone will mention this, but, deflation might be more of a worry now. 3-month inflation is -0.9% and 6-month inflation is +0.9%. It looks like concerns regarding 3% are history.
My data expects CPI to decrease significantly to 1.9%-2.1% in the next report. January usually has about the highest inflation reading of the year. So, I would expect something in the 2.5%-2.8%.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.6%-3.7%. It is set at 3.75%-4.0%. No change at the next meeting looks likely.
Shalom,
The Mann
December CPI came in at an amazing 2.7%. It is hard to explain how incredible the year ending below 3.0% is. I doubt anyone will mention this, but, deflation might be more of a worry now. 3-month inflation is -0.9% and 6-month inflation is +0.9%. It looks like concerns regarding 3% are history.
My data expects CPI to decrease significantly to 1.9%-2.1% in the next report. January usually has about the highest inflation reading of the year. So, I would expect something in the 2.5%-2.8%.
FED FUNDS RATE – The market has the Fed Funds Rate priced at 3.6%-3.7%. It is set at 3.75%-4.0%. No change at the next meeting looks likely.
Shalom,
The Mann