
Behind the Markets Podcast: Nir Kaissar
Behind the Markets Podcast
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The CPI, Wednesday, and the FOMC's Plot
The most important thing next week is going to be Thursday's initial jobless claims. I expect a hawkish dot plot from the FOMC on Wednesday, but don't bet against an increase in July. The Fed must watch employment as well as inflation because it has a dual mandate. We have NASDAQ selling for 30 times earnings and S&P selling for 20 times earnings this year.
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