Powell Hits Pause…For Now
MRKT Matrix
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The Market's Not Preparing for 6 or 7% Fed Fund Rate
We're through that August high, clearly here at 44 and change. The slope of the line always matters, right? And if you look at periods, I mean, even in just this period, what does this go back to the beginning of 22? Yeah. Anytime that the slope was this steep or steeper, there was a pretty steep precipitous drop right afterwards. So people say, I don't know what you people are looking at, but this looks great. It's not going to be pleasant when it does.
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