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Reply to "will interest dropped next year or 2024?"
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[quote=Anonymous][quote=Anonymous] We are *just* starting an economic dip, as indicators are starting to note a decrease this month and last month in consumer spending on services (not that much on goods yet). We are not yet in a recession. 2023 will be the year of the recession. I do not see the Fed lowering their interest rates until 2024. It will increase it 3/4 point in July, and that will be followed by several other increases. If you're borrowing money, buy your house NOW. If you don't need to borrow, you can wait. [/quote] If you and I know that the Fed will raise rates .75% in July (and likely more .5% raises beyond that), don’t the markets also know this? Wouldn’t the increases already be priced into rates offered today? My understanding is that rates shot up last week because the extra .25% rate from the Fed was unexpected.[/quote]
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