Brian Writes, You Win

     Summary- The Federal Reserve will raise rates to 5% by March and keep them there until at least the end of 2023 regardless of how the markets respond.  The Fed will keep rates high as it advances US national security interests and works to soothe inflation.     Importance- This is a major change to the Fed's decades-long policy of easing rates on every sustained market decline. This change reflects the fact that its national security interests, not markets, that have upper hand with power. These realities might take many very intelligent people years to figure out; Brian writes, you win.      Rabobank, a Netherlands-based bank, published a paper yesterday predicting Federal Reserve interest rates. The bank predicts that the Fed will raise rates to 5% by this March and then park them there for the remainder of 2023.      A key quote:  With Powell repeating his hawkish stance and markets still believing in an early pivot, we are heading for a major clash between the Fed and the