The Fed is trying to accomplish a soft landing — hence the extraordinarily slow rate hikes — but our history with soft landings is very spotty, and there has never been more debt than now:

Investors in the corporate bond market, particularly in junk bonds, are still blowing off the Fed. But not much longer. Read… Corporate Bond Market Gets Ready for Big Reset

Source: In this Era of Inflated Asset Prices, Can the Fed Raise Rates without Causing Financial Mayhem? | Wolf Street



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