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Fed Hawks Emerge as Inflation Remains Sticky
Bloomberg Opinion
Fed Expectations Up to 5.4% Now for the Terminal Rate
The market was mostly expecting that the Fed was going to peak under 5%. That was despite plenty of comments from the Fed. If inflation had come in weaker than expected just this week, then you would have had a fairly rapid cooling down in rate expectations at least until then. So it's all on the table.
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