Markets Wary of Fed Over-Tightening as Economic Headwinds Build
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Nothing major expected from today's Fed meeting, but language will be scrutinized for clues on future rate hikes.
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Markets indicate concern about overtightening - stocks down, yields up, corporate bond rates rising.
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Strong Q3 growth may not last as consumer spending dependent on unsustainable debt.
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Commercial real estate lending dropping, consumer loan defaults likely ahead.
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Markets "screaming" that Fed risks policy mistake with excessive tightening, contrary to 2021.