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Unusual Whales Pod Ep 16: Macro Outlook for 2023, the Federal Reserve in 2023, and the January 6.5% CPI Print

Unusual Whales

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The Fed Is Really Concerned About the Labor Market and Wages

There's a big debate about whether we've entered a new regime basically of permanently higher underlying inflation. The Fed isn't sure whether you know we're going back to the pre-COVID days or whether we're in this new world and so that's kind of part of the reason underpinning its desire to slow the pace of hikes now. Pedro do you have any comments on what the panel is saying regarding populism structural inflation and employment in the second half of the year? I think there's still there's an inconsistency in the fact that they appear to be wanting to pause but at the same time that pause requires the labor market to call substantially, he says.

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