Fed Funds Rate

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The chart above shows the Rate of Change (over a rolling 5-period) in the Fed Funds Rate.

The parabolic Rate of Change is unprecedented, yet the Federal Reserve is just getting underway with quantitative tightening as it pledges to do whatever it takes to squash high inflation. It's hard to imagine the Fed can pull off a soft landing.

Ironically, this looks like a chart of the amount of CO2 in the atmosphere over the past 800,000 years.



We don't see any climate scientists saying not to worry because we can engineer a soft landing.