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Unusual Whales Pod #11: 2.6% GDP, the American economy at large, and risks in the Treasury market

Unusual Whales

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Pivot, Bottoms and GDP Plus Inflation

Bob Greene: This is going to be an exciting one I can feel it. So I've seen Pivot spoken about by a few here. We've seen smaller than expected increase from the Bank of Canada actions, B O J B O E and the last CPI print was 8.2% versus 8.1%. Notably, PC was elevated to this leads many investors to believe the Fed will once again raise interest rates by at least 75 BPS at the next meeting. Michael Darda of MKM partner stated the Fed is quote on the cusp of going too far too fast. They should be slowing down the pace of hikes, not reacting to lagging indicators citing CPI and rent

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