"As of today, the market's pretty much confirming that we're unlikely going to see any rate cuts anytime soon. In fact, they've just indicated a potential rate hike sometime this year and that interest rates are expected to remain much more elevated than all of us were expecting."

… l prices were skyrocketing, and it was unclear when the conflict was going to end. Although, I will say maybe it was just a crazy coincidence. But right before this meeting, a peace agreement was tentatively reached with Iran, which gives the Federal Reserve some room to eventually cut rates again when things start to subside. The bad news is that as of today, the market's pretty much confirming that we're unlikely going to see any rate cuts anytime soon. In fact, they've just indicated a potential rate hike sometime this year and that interest rates are expected to remain much more elevated than all of us were expecting. On top of that, today is the day where we get what's called the summary of economic projections, which basically forecasts where the entire Federal Reserve thinks our economy is heading over the next few years. And in terms of what they just said, like I mentioned earlier, they're now expecting interest rates to increase a little bit in 2026 befor …

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