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Pod 22: 5.0% CPI, the Macro + banking landscape, rate hikes or pauses, the federal reserve's decisions and inflation

Unusual Whales

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The Fed's Balance Sheet and QT Program

The Fed doesn't like talking about its balance sheet or its QT program in part because it doesn't really understand what works very well. And so they think of QT as something writing in the background. It's going to shrink no matter what happens, we want to get tips on back to something that we understand better. Some of the indicators that I watch seems to suggest that it's basically over.

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