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US Recession Call Trickier Than Ever
Bloomberg Businessweek
Do You Know if the Fed Funds Rate Crosses or Not Will That Change?
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Jimmy lee founder and chief executive officer of wealth consulting group 2.9 billion roughly in assets under management joining us on the phone from las vegas. He says there's a lot of money sitting in cash and money market funds and CD is that that's waiting for a brighter outlook because still even though that the sentiment has moved a little bit more positive over the last few weeks i think that negative sentiment is still pretty bad out there. Lee: Once we get inflation lower than where the Fed funds rate is i think then we're going to be just fine but now will that change Fed speak i don't know.
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