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The Road Ahead 7/7/23

Halftime Report

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The Future of the Fed's Rate Hikes

I think we continue to have a summer rally and really for two main reasons. I don't think that economic data is strong enough to keep the two year above 5% or around 5% for any meaningful period of time. And then also Frank next week, CPI comes back, comes out and you have to remember, this is a 12 month month, month over month number. So in June of 2022, we had a 1.2% print. That is going to be the last one that's on there.

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