Surveillance: US Inflation with Dudley
Bloomberg Surveillance
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The Importance of Macro Data in the Economy
The macro is going to be critically important because we're close to inflection points. At the moment, I think markets are really pricing the best possible outcome on rate cuts and inflation coming down. The EPI markets are pretty much pricing a soft landing. That combination is possible, but it's really what's priced. And I think that the margin, our view, is that interest rates need to adjust to being higher for longer to get inflation down.
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