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Employment, US Dollar and European Bonds with Steve van Metre [Eurodollar University, Ep. 259]

Eurodollar University

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The Fed's Narrative Is Getting Disingenuous, Right?

Markets believe the federal reserve is zealous to the point of, what do we call cult orgis insanity? The minutes for the last meeting reiterated that a 75 basis point rate hike is on the table in july. But then after that, it gets really dicy, because the back end of the yo curve continues to say, hold on a minute here. Not only do we not see consumer price acceleration from here, we're starting to get really nervous about the economic situation.

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