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The Negative Effects of Inflation on the Economy
The Fed needs to ease, but with inflation being where it is and sticky as it is, it's just going to be very difficult for them to do it. Retail sales has dropped, but it's still relatively strong. An explanation to that is obviously the cost of living is higher. So this is something we're watching for as again, we are in a consumption consumer led economy. This is one of my favorite indicators here, looking at risk assets versus employment numbers.