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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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Is GDP Going to Be Softer Than Expected?

GDP is kind of like the least relevant indicator from a Fed in interest rate perspective right now. The Fed is basically trying to get demanded line with supply and this number basically just keeps them on track to keep tightening policy. Until we see meaningful slowing in wage growth and employment growth and an actual rise in the unemployment rate I don't think they're going to be satisfied that they're putting enough pressure on the economy.

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