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Are Fed Rates Going to Cause the Economy to Roll Over?
I think the problem is, so the inflationis not really directly caused by the fed. There's more about the fiscal side and supply chain issues. The feds kind of a secondary roll here. And so idon't know how high they'regoing to get, but think they're going to be behind the curve of inflation for a while. But i think e started to see more severe signs of economic contraction, i think the fed would probably step off the tightening path. I think they're right now with inflation running at seven %.