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Fed Hawks Emerge as Inflation Remains Sticky

Bloomberg Opinion

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The Bond Market Is Not Just Fighting the Fed, but It's Teasing the Fed

The bond market has pushed back its expectations for when the Fed will peak. It still sees next year now rather than this year, but next year it sees one and a half percentage points of rate cut. So that is the bond market sees a recession. Stocks seemingly don't see one. The whole thing is a little bit odd. It feels like there's something that we're missing out on."

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