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Probabilities have rarely ever been this high. This is why.

Eurodollar University

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The Fed's Reaction Function Is Biased in That Direction

Several central banks are already into the pause phase with, I gotta believe, the Federal Reserve is not far behind. It's really about the conditions that will force the Fed out of its reaction function tied to inflation and in labor shortages; it always sees to reality. Silicon Valley Bank and Credit Suisse is the beginning of the financial disruptions,. That would make sense, along with continued weakness in labor, not labor shortage.

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