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Higher For Longer | Robert Kaplan, Former Dallas Fed President & CEO
Forward Guidance
The Federal Reserve's Predictions of a Cut in Interest Rates
The market is pricing in that the Federal Reserve will drastically move south and start cutting you at the end of 2023. I think people should listen to J. Powell when he says that it's unlikely that they're going to rapidly cut. The curve suggests that by the end of the year early next year, there's going to be a cut. And here's why I don't see it. I think that inflation, particularly in the service sector, is going to be stickier. It's hard to get inflation much below 4% or 3.5%.
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