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The Fed is Trying (and Failing) to Break the Economy
We Talk Money
The Wealth Effect and the Fed's Raising Rates
The stock market is only 5% from all-time highs. The wealth effect could be something that the Fed ends up having to fight, especially if people start exhausting services. offsetting some of the strength of the consumer and we also did get a higher consumer sentiment reading over the last two weeks as well. But offsetting that has been some data points that maybe aren't as strong, including things like retail sales.
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