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Startling statement reveals far worse danger than just a recession.

Eurodollar University

00:00

The Fed Follows the Markets, Not the Other Way Around

The US labor market seems a little bit more resilient than maybe we had anticipated. Even the Fed can say, can now say and see there is a 2008 style scenario already on the table. They're not willing to concede that yet. Markets have conceded that for months, a high degree of probability. We've been through this many times before, 2000 and 2001, the 21st century, the Fed follows the markets.

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