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How Much Can the Fed Tighten to Deflect Inflation?
How much can the Fed tighten to deflect inflation and how much can they tighten before something breaks? And Joseph, I was just looking at the Fed Fund's futures rate and in late 2023, the terminal rate that it's applied by the market is about 2.5%. So that would be what? That would be 10 rate hikes. Is that possible? You know, what would break along the way? And is that something that the Federal Reserve can stomach because inflation is such a threat?