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Higher for Longer.

I watch a lot of cable news entertainment. The mantra “higher for longer” is repeated virtually daily. When the Federal Reserve a year ago said “lower forever” and then went ahead and raised interest rates the fastest in history, it was like, of course they had to because they gone and fucked up. But now, since the Fed said “higher for longer”, it’s suddenly the Gospel of Jesus Christ and I guess we have to deal with higher for longer. What am I missing here? These are the same people who pivoted on a dime like 10 seconds ago right? And now it’s higher for longer. C’mon.

submitted by /u/DKC_TheBrainSupreme
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source https://www.reddit.com/r/RealEstate/comments/184wkd4/higher_for_longer/
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