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Bloomberg Wall Street Week - June 2nd, 2023
Wall Street Week
The Fed's Hikes and the Slowdown in Inflation
The good news is the gentle decline in average hourly earnings. And that is good news on the inflation side, because you've had very sticky inflation. There tends to be a lag of about 24 months between when the Fed starts hiking and when you start to see a dramatic slowdown in inflation. That means we should have at least the rest of the year into the first quarter of 24 before you start to sees a significant slowdown in inflation," David Frum says.
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