The David Lin Report · Tuesday, July 28, 2026
Peter Grandich believes the Federal Reserve is likely to raise interest rates, as several members have indicated this direction. He sees no chance of a rate cut this year and suggests that not cutting rates could be more damaging to the bond market than a hike.
“I don't think there was enough to say that the drop in consumer inflation because of the tremendous temporary drop in the oil is enough to convince the hawks that inflation is not going to get out of hand.”
“But I think one thing we have to remember is this, for years we've been hearing the don't worry be happy cow, keep dictating of interest rates going lower.”
“That's clearly off the table.”
“There's not a chance in heck that there's going to be a cut.”