Stock Market

One of the talking heads mentioned " stagnation " early this morn, and like wildfire that word echoed thru every mouth of the day.
There is no stagflation, nor is there likely to be .
The lower 20% income earners showed some stress.
Visa volumes are steady, few delinquency, few late payments.
No unusual car/truck loan delinquencies.
Starbucks volumes down.
Hi $$$ consumer discretionary slowing.
Walmart volumes steady .
It's 50/50 .
It's up to fed, no need to raise, just longer till lower if at all.

Just a footnote, the low interest rates of the last decade plus made us complaisant, that's why bonds, saving made no $$$ interest, now they DO.
I bought my first house 1969, $22,000,
20 yr $14k mortgage was 9ish *%.
My apprentice wage $3.20ish
Bought next house 1972, mortgage rate near 18% .
Perspective . . .