How is CALPERS doing?
The FED isn’t just raising rates, it’s also selling off assets, which leads to more tightening.
Dang, we just can’t seem to repeal the economic cycle of expansion and contraction. The only question left is how much things will swing toward or to the downside.
I was thinking right after the last raise that this is the third raise, has everyone forgotten the old saying about the FED, “three steps and a fall”?