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Surveillance: Fed Distractions with Donald

Bloomberg Surveillance

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Bond Volatility - What's Holding Up the Market?

The disconnect between the bond volatility and what's happening in the stock market is ever widening this year to date in 2023. So I do buy the thought that the economy appears to be less sensitive to rate hikes than originally thought. Even if the economy is less resilient, the Fed will probably have to go higher and will eventually work. It's just going to take longer.

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