Soft landing? More like slow landing.

CNN spoke with the Atlanta Fed President, who:

is anticipating the nation’s inflation rate — which currently stands at around 3% — will be near “the lower twos” by the end of 2024.

& said

With that outlook, I really see the first move coming sometime in the summertime

Thing is, according to Fed data our current rate environment is more the norm compared to the 0 rate exception the market got used to.

A chart of historic Federal Reserve rates since the 60s showing a much longer period of volatile (and higher rates) than the post-Great Recession 0% rate environment that modern Silicon Valley and stock marketism was built on