Surveillance: Slowing US Growth
Bloomberg Surveillance
00:00
The Fed Needs to Rake Rates to Tame Inflation
Inventories and a cutback in business spending. Exports and imports were little changed. The Fed is likely to need total policy firming to get up near 6%. Now I'll concede that if we see tighter credit conditions do some of the Fed's work and pull down inflation faster, maybe the Fed doesn't need to raise rates quite as high.
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