Surveillance: Fed Pause with Dudley
Bloomberg Surveillance
00:00
Is the Fed Funds Rate Going Up?
The Fed has explicitly targeted the labor market here as inflation has remained higher and stickier. If you don't see softness in either of those two reads, it's going to be difficult for the market. I hate to say that, but we're back to this world where a softer, real economy will be more pleasing for the Fed.
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