It suggests that the solution to a problem may actually lie within the problem itself, and by addressing the problem directly, you may find the solution you have been avoiding.
The Bond Market has sold off in the last few weeks, putting pressure on mortgage rates. Consequently, the markets have less confidence in a 25-basis-point rate cut in June.
Inflation is stubborn; it’s not our friend and is effectively holding everyone back. We anticipate inflation to increase from 3.2% to 3.4%.
Shelter costs, which make up 45% of the Core CPI numbers, are not slowing down or have stalled.
The problem is that we keep waiting for the next turn to make a decision, but that turn just looks like the previous one. Rates are a problem because we are making them our problem.
I may not be telling you what you want to hear but sometimes the truth hurts a bit.
