Second Fed Policy Error Coming?

Does it look like a second Federal Reserve policy error may occur in the next few months? Mike Shedlock (Mish) thinks so.

What’s the Likelihood of a Fed Policy Error in the Opposite Direction?

The Fed Funds Rate (FFR) is currently 2.25-2.50. The markets perceive 4.25-4.50 by February of 2023, another 200 basis points. Is that too much?…

In his essay at the above-referenced link, Mish systematically lays out his reasoning. It’s worth reading.

Actually, the comments afterward are every bit as instructive and useful as the article itself. Mish’s readers are intelligent and opinionated, making his blog somewhat enjoyable.