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Michael Kao on November Fed Meeting, Treasury Refunding, and Bond Market Bear Steepening (Co-Hosted By Michael Ippolito & Jack Farley)

Forward Guidance

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Federal Reserve's Stance and Rate Hikes

The chapter focuses on the current stance of the Federal Reserve and the possibility of more rate hikes instead of rate cuts. It discusses the chairman's views on inflation, the fiscal situation, and the consequences of continuous rate hikes. The chapter also touches on the economic response to the COVID-19 pandemic and the concerns around government spending.

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