Fed maintains uber hawkish tone in rate policy, James E. Thorne argues

Fed maintains uber hawkish tone in rate policy, James E. Thorne argues
Thorne criticizes Fed rate hike plan

James E. Thorne criticized the Federal Reserve's intention to raise interest rates by 50 basis points, calling the policy mistake and describing its tone as 'uber hawkish.'

He also said he believes the November CPI SA will come in under 0.05% and questioned the significance of economic data when, in his view, the Fed ignores theory and data.

Thorne has previously noted that bond vigilantes are closely watching underlying Consumer Price Index data, as detailed in recent analysis. He has also projected that the S&P 500 could reach 10,000 by 2027, suggesting a strategy of buying on market dips in the year-end rally, according to earlier commentary. These views frame his current skepticism toward the Federal Reserve's rate policy.

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