How the Mighty Have Fallen, and the Skinny on Lilly 8/7/23
CNBC's "Fast Money"
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The Fed's 500th Basis Point Increase in the Funds Rate Is a Significant Rate Increase
David Frum: Interest rates do work their way through long lags. He says we've had tremendous fiscal stimulus this year, but that's going to turn out before the end of the year. What's not going to go away are the lags from these interest rate increases, he says. "This is going to be a consumer level recession," said Frum.
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