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The Fed Will Tighten "As Far As They Can" Into 2023 | Joseph Wang & George Goncalves
Forward Guidance
The Fed's Hitting Now Could Be a Classic Boom Bus Cycle
I think they'll get to around 5% I suspect my best guess is that they're they're able to stay there longer than the market expects Because as he mentioned the labor market is there's a structural Shortage of labor and so that will keep unemployment low and wages high Yeah, George. You've got this fasting chart about how the Fed's hiking now could be a classic boom bus cycle in terms of the Fed Reserve being behind the curve They they tighten too much and the economy sort of deteriorate significantly In other words Powell is wrong that the Risk the biggest risk is of not tightening enough and that if they over tighten Uh, there could be a severe recession.
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