FED has in 40 years never cut rates when...

- CPI was above 3%
and the
- unemployment rate below 4%

Unemployment Rate & CPI:

U.S. interest rates 1y 2y 3y 5y 10y 30y with a 20-year lookback period:
- 3 hiking cycles in 20 years: not the 1st one nor the last one I tell you that
- currently above the 2015-2019 period, though below the 2004-2009 cycle with the exception of the very short end of the curve which is above
- peak interest rates aka ‘peak FED’ should be around here rather sooner than later