Market participants anticipate that the first federal funds rate cut will start Sep this year 🤔

Source: CME FedWatch Tool

Since the recent CPI(Consumer Price Index) started increasing again, it's likely hard to cut the interest rate early.

---

Source: JPMorgan Chase

However, Jamie Dimon, the CEO of JPMorgan Chase, warned "It could rise to 8%." 😱 Is it possible? 🧐

---

Source: FRED

Compared to 1970s, the U.S. debt to GDP ratio is much higher, 130%. I don't know the U.S. economy can endure the high interest rate for a long time 🙂‍↔️