US Recession Odds At 71.7%, NASDAQ Tanks -4%, Fed Dots Plot Sags (I Couldn’t Sleep At All Last Night) – Confounded Interest – Anthony B. Sanders

I couldn’t sleep at all last night … after The Fed cranked up their target rate 75 basis points.

The odds of a recession grew to 71.7% as The Fed hikes rates.

Over the next 24 months, the probability of a US recession is 98.5%.

The NASDAQ index tanked -4% today on the fallout from yesterday’s Fed actions.

Do I detect a trend in The Fed’s latest Dot Plot??

So, will The Fed continue to go head-over-heels on monetary tightening?