2min chapter

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

Guggenheim Macro Markets

CHAPTER

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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