In any event, I think people overestimate the power of the fed.
An official quarter point increase, yet a 1.25% mortgage rate increase. And despite more fed rate increases likely coming, I’d guess were are getting close to the top of the 30 year rate cycle.
I happen to think the Fed, Obama, Trump, and Biden have all done a basically OK job on economic policy, which is an extremely unpopular position partly because absolutely zero media outlets or pundits take such a line.
