Trump promised to bring down rates. Before the Iran War, markets expected rate cuts of up to 0.75 points this year.
The inflationary war flipped the calculus: now they're pricing in two rate HIKES by mid-2027.
My @Morning_Joe Chart
Trump promised to bring down rates. Before the Iran War, markets expected rate cuts of up to 0.75 points this year.
The inflationary war flipped the calculus: now they're pricing in two rate HIKES by mid-2027.
My @Morning_Joe Chart