Sim Kaur

And Jeremy, when he left, had some beef with Donald Trump just because Donald Trump was encouraging him to like lower interest rates.

And he was like, I don't, you know, like bow down to anyone.

It's like when Henry VIII was saying to the Pope, like, you need to allow me to get a divorce.

And he was like, that's not allowed in the Catholic Church.

Now, I'm not saying Donald Trump has now gone off and like started his own religion or like a new Fed, but a new Fed chair has come in.

Not a good thing, not a bad thing, just some change.

It's like new management's come in.

And what we know about Kevin Walsh is that it's kind of hard to say if he is someone that's going to increase interest rates, if he's going to decrease interest rates.

Ideally, we want him to keep interest rates low.

But there is a little bit of rumors on Wall Street that interest rates are going to rise.

So let me read some information that I've come across.

So according to the CME FedWatch tool, there is a 70% chance of the Fed raising the federal funds rate by the end of this year.

The heaviest odds, more than 40%, are on the Fed doing one quarter point rate heights from the current target of 3.5% to 3.75%.

And they see a 22% chance of two hikes.

So essentially, the Fed has two opportunities till the rest of the year to increase, decrease or keep the rates the same.

And a lot of people are saying, yeah, there's probably a chance they'll increase it at one point, but not that many people think that at every conversation that they have over the next two conversations that they're going to increase it again and again.

So what does this mean for you?

What is this going to do to markets?

So an increase in rank heights can be kind of broken down into different groups of people.

So let's start off with homeowners.