"The rate hikes various Fed presidents think will happen are pure Fantasyland material.
Huge equity and junk bond bubbles are in play. The Shiller 10-Year PE is 29.2. The only higher numbers were 1929 and the dot-com bubble in 2000. The bursting of these bubbles will be anything but an inflationary event.
Those looking for a steeper yield curve, might get it, but not the way they expect. When recession does hit or the stock market collapses, the Fed will be cutting rates, not raising them."