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Powell: “How Little We Understand About Inflation”

The Breakdown

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The Fed's Predictions of a 20 Twent Two Recession

Former treasury secretary larry somers said the risks of a 20 twent two recession are significantly higher than i would have judged six or nine weeks ago. Zero hedge is screaming saying that bond markets are pricing in ten basis points of rate cuts in the first quarter of next year based on these recession expectations. The fed is ramping up louder and louder its arguments for why it shouldn't shift course on inflation, bringing it back to right now.

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