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Is the Fed Going to Pivot?
The market has signaled that this is something breaking and it's time for the Fed to pivot yields are down the most that they've ever dropped in since the aftermath of the Black Friday. If, if not for the recent bank runs which are deflationary because it caused consumers to pull back and spam then rates would have been 25 to 50 bips higher. The only two things that will try drive a Fed pivot are one is a significant weakening in the real economy,. They're trying to engineer to lower inflation they're trying to destroy demand.