Surveillance: Stagflation with Shah
Bloomberg Surveillance
00:00
The Fed's 10-Month No-Man Land
Yuri and Timmer: We've been in a 10-month no-man's land. When do we know we're escaping up or down? They say the Fed raises rates to more or less adder above the inflation rate, the trailing inflation rate. The market is pricing in a modest contraction earnings," they say. "The market can look past an earnings valley, but it can't look beyond an earnings abyss"
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