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Surveillance: Fed Distractions with Donald

Bloomberg Surveillance

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Is the Real Fed Funds Rate Getting to the Level of Inflation?

Last year, the thing that I was always quoting was the real Fed funds rate. Now, we think that we are getting to levels that are sufficiently restrictive. Housing, home prices have been deflating for six straight months. Business investment is starting to rolling over. The only left is the consumer and the labor market. It just takes time.

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