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Bloomberg Businessweek Weekend - February 3rd, 2023
Bloomberg Businessweek
What Could Derail This?
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Jay Powell said, we're going to get back to 2%. So that is really their benchmark and they don't deviate from that. Deviate from it then they're going to have to keep raising rates. That's where financial conditions come in because again, when you think about headline CPI at 9.1%. It's a lot easier to get to 6.5% than it is to get to 2%. We haven't seen it yet. For the markets, I guess which would derail this is inflation that's stickier than expected or re-accelerates. But if you do have wage inflation that remains somewhat elevated, if you have other pockets of the economy re-ac
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