Surveillance: BOE Lifts Rates to 5.25%
Bloomberg Surveillance
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The Importance of Forward Guidance in the Economy
Dudley: The economy feels the effect of this much quicker. Corporations are sitting on a mountain of cash and they've turned out a lot of their debt. So you don't have that impact right now. And when you think about the hoarding idea, and Mike mentioned this, I think this is such an important idea. It could actually come back to haunt the labor backdrop.
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