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Episode 20: For the Fed, the Devil is in the Data; Agency MBS Update

Guggenheim Macro Markets

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How Do You Think the Fed Will Navigate These Dynamics?

We think another large rate hike is likely at the September meeting. If inflation data does improve like we expect, I think they will be able to shift down to 25 basis points in November. But we're looking at a very data dependent Fed here. We think later in the year could even be cutting rates.

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