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    LAST CALL! HEDGEYE’S CYBER MONDAY
    SPECIAL EVENT

    OUR BEST DEAL ALL YEAR JUST GOT BETTER

    LIMITED-TIME OFFER... THEN IT DISAPPEARS

Below is a chart and excerpt from today's Early Look written by Macro analyst Ryan Ricci.

I keep hearing the question of 75 or 100 bps… it doesn’t matter. What matters is that the Fed is compounding a mistake they made in 2021 and are raising rates into four Quad 4s in a row. The only thing worse than today’s rate hike is that the market is currently expecting 7.5 MORE rate hikes by December, which will only continue to destroy the consumer.

If you don’t believe me, here is what Jerome Powell said during Jackson Hole this year:

“The current high inflation is the product of strong demand and constrained supply and the Fed's tools work principally on aggregate demand. None of this diminishes the Federal Reserve’s responsibility to carry out our assigned task of achieving price stability. There is clearly a job to do in moderating demand to better align with supply, we are committed to doing that job.”

Let that sink in for a minute…

CHART OF THE DAY: Expected Number of Rate Hikes By Dec 22 - mer