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Neil Dutta and Conor Sen on the Chances of a US Soft Landing
Odd Lots
What Does That Mean for 2024?
The Fed views the labor market as the conduit for achieving their inflation objectives. That is the principal issue right now. Powell keeps talking about pain and rebalancing the labor market. If that is what the Fed is trying to achieve, they're not doing it. And this is all happening at a time when the Fed is increasingly not just doves, but hawks like Bullard.
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