Andrei Jikh, relaying another source: Fed policy rate will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

lower the rates and break the bond market or do we increase rates and break the economy? The side effect of raising rates is that you break the economy at a time when credit card delinquencies are already above 12%. Autoloan defaults are going up. Private credit markets are at risk. The housing market is significantly slowed down. And the stock market valuations are super high. So what's the government going to do? There's a clue. The stock market, remember, is always trying to predict the future. And here's what it's predicting. The stock market thinks that there's going to be a rate increase by January 2027. the odds of a rate increase are above 70% and going up. The market is basically saying that the Fed has lost control of the situation and the only thing they can do about it is to raise rates so that people keep buying our debt, which means also charging you and I more to borrow money. Now, Kevin Worsh, who Trump wanted as the new Fed chair, specifically to lower rates, sort of finds himself in his new job with an impossible situation. But I think he has a plan. And this is the plan I want you to pay attention to. Under Kevin Wars, the Fed is now proposing a change to how they measure

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