Hobson’s Choice is defined as “a choice of taking what is available or nothing at all” which is where we feel the Fed is standing at the present moment. The Fed currently holds its benchmark funds rate, which banks charge each other for short-term lending, is at 4.58% today compared to 0.33% last year and is lower than the long-term average of 4.60%. We are in this position because of tremendous volatility in the Financial Markets since last week with the failure of three medium sized US banks viz. Silicon Valley Bank, Signature Bank and Silvergate Bank along with well publicized