In 2021, interest rates must be raised. Kashkari said that if interest rates are not raised, it will lead to a sharp rise. In 2022, we are waiting for the end of interest rate hikes. Once the CPI is eased, it will rebound. In 2023, we bet on the passage of ETFs. In the beginning of 2024, we are betting on interest rate cuts. Now we have to bet on both interest rate cuts and soft landings.
