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Did The Fed Just Back Down? | Joseph Wang & Michael Ippolito
Forward Guidance
The Fed's Pause Isn't Working
I just have a, it might almost be really overly simplistic, Joseph. But maybe just as a little bit of a pushback here on this idea that what the Fed's doing isn't working. Looking back in time, we did the first 25 basis point rate hike in March of last year. So we're not even to sort of the midway expectation for when we should be feeling these rate changes.
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