Episode 44: Inflation & Interest - More Volatility to Come?
CFA UK
00:00
The Fed's Progress on Inflation
Central banks have a very difficult job today because they need to hike, but cannot cause too much trouble in financial markets and the economy that would force them to stop. What the Fed has been doing is lowering its pace. But going slower actually means they can hike more. They can go higher. We believe that the terminal rate for the Fed next year is closer to 6% than the 5%.
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