Bloomberg Wall Street Week March 24th, 2023
Wall Street Week
The Debate About the Fed's Decision to Cut Rates
Market participants are unhappy with the Fed not essentially doing what we've seen the Fed do, frankly. The reason why equities aren't reacting is because a lot of what's happening in the bond market could be a hedge against a really bad outcome. Lower rates are not going to be terrible for equities until it becomes very obvious that you're going to see significant earning degradation.
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