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The Fed Will Tighten "As Far As They Can" Into 2023 | Joseph Wang & George Goncalves
Forward Guidance
The Feds Balance Sheet Isn't Moving a Whole Lot
I think what's interesting to note is that when we had this mega inversion in 60s 70s and we also have very high inflation back then so you know, I think that's that's the key There's a there's a higher inflation regime and that affects the reaction function of central banks. That could As this chart suggests lead to more inverted curves because the central bank is rising rates Hiking rates aggressively to try to tamp down on inflation Thanks. All right. Now I want to talk about the feds balance sheet pretty much every question at the December fed beating was about rates or the economy Uh, but of course what's very important is the federal service balance sheets. It buys Assets
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