MacroVoices #331 Jeff Snider: The Eurodollar Curve Says Deflation Not Inflation
Macro Voices
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Is the Fed Going to Be Forced Out of Its Tightening Cycle?
Jeffrey Toobin: The risks are, in fact, rising probability rising, potential for not just recession, but also deflationy recession. This isn't just about rate heights, nor is it about balance sheet run off or quantitative tightening. And thow we're stuck with an economy that is worse off than when we started this whole thing and that represents a very different, long run scenario.
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