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3min chapter
I Feel The Market Move Under My Feet with Gabriela Santos of J.P. Morgan
On The Tape
The Fed's Next Move Is a Cut
Gabrielle Schlossberg: It would have to be a black swan disaster for the Fed anytime soon to go back to that zero interest rate. That was a last decade kind of experiment, this idea of the zero lower bound and negative real rates. She says it's actually very mathematically possible for inflation to get to 3% by the end of this year,. And then for the Fed to feel like there's some conviction that throughout the course of next year inflation can come back to 2%. Just remember that historically between the last hike and the first cut, there's often not a lot of time.
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