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Earnings, Fed Decision and Recession in View
Bloomberg Businessweek
Jay Powell's View on the Fed's Treasury Debate
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It looks like we're going to see that Fed funds rate stay at that terminal rate probably through the rest of this year. I think it's definitely going to be as much forward guidance that he really can give, which is when the officials have stressed so much how data dependent they are. Molly, what's your take on the treasury debate? Ira Jersey and Morgan Stanley are looking for lower yields.
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