Logan Mohtashami: Why the Fed cares more about job losses than inflation data
HousingWire Daily
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The Fed Wants a Job Loss Recession
CPI inflation data was lower than forecast and noticeably lower than some of the more aggressive inflation people's forecasts. The bond market really didn't do anything. We are about to do our one year tour of shelter inflation coming back down to reality. But we have to start focusing on what the Fed wants. They said they wanted a recession. They wanted a job loss recession. You cannot live in the world today and say there's going to be an 18 month lag in the Fed rate hikes. So I know some people criticize me by attacking the Fed, but this is what they're telling you.
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