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Is It Optics?
Tracy: To me, a lot of this is just optics. I mean, how there's no denying that financial conditions have actually eased over the last couple of months. When do they feel comfortable stopping the jaw boning because it is clear that they're talking about higher rates for longer and the market isn't necessarily believing them? John Sutter: The tension is think about what the Fed did in December,. They raised their their inflation forecast, and they mark down their growth forecast.