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With Inflation at 40-Year Highs, How De-Russianization Has Changed the Narrative

The Breakdown

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The Fed's Compass Isn't Locked In, but It Is

Investors are pricing in that war will make the fed more, not less hawkish. Opinion pieces on bloomberg and elsewhere argue that the fed has to reconsider its anti inflation policies. Inflation was jump started by left over coved things, but the fed an administration made the decisions they did or didn't, which impacted how hot inflation ran. The math of all this is clearly a narrative shift for political purposes. But anyone who is thinking longer terms should be sceptical of everyone else's answer.

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