
Jim Bianco: Transitory never went away, everyone expects the Fed to pivot, due to falling inflation
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Is There Going to Be a Recession?
There will be a recession in the United States and that it probably will happen next year. Inflation rates going to come in much lower in the second half of next year, we all say. And really what's happened is transitory never went away. The market is pushing back because of exactly what Jim Bianco was just saying. They basically were just saying that the self argument is still underpinning so much of market action.
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