The Fed says inflation remains elevated yet keeps rates steady.

The Fed today seems to know that inflation remains elevated, yet they are holding rates steady.

https://www.federalreserve.gov/newsevents/pressreleases/monetary20231101a.htm

I don't agree with the current policy because believe the Fed is too dovish. They are not raising rates enough to lower inflation. The job market, banks and economy seems fine, yet they don't want to do anything about inflation that is really destroying some people. Many workers know that wages are not keeping up with the cost of housing.

I guess into the next year the rates for bonds will continue increase and stocks may decline some. Home sales will continue to decline because mortgage rates and the housing shortage will keep the cost of housing too high. The Fed maybe forced to raise rates during the election year if inflation starts to increase like how it did in the late 1970's.