Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
00:00
Is the Fed Curve Changing?
All the financial news that we're dealing with over the past week and it's just been a week has changed the outlook. What I think the possibility of soft landing is a much less today. I think probably a recession much higher. The one thing that we haven't talked about is inflation. So these Fed cuts have to occur only and if only inflation comes down to a level that makes them comfortable - but we're not there yet. If that doesn't occur, then that changes the entire trajectory of the Fed curve.
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