The September Federal Reserve meeting is behind us we still have November and December ahead of us. Markets are nervous expecting another hike before years over before two cuts in 2024. My advice: ignore those expectations as they have been wildly inaccurate over the past few years; they have been mostly inaccurate over the past decade. When it comes to forecasting economic outcomes, the Fed is no better or worse than anybody else. I know of no better authority to cite than Federal Reserve Chairman Jerome Powell, from his June 16, 2021 presser: “The dots are not a great forecaster of future rate moves. And that’s not ... (full story)