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Why markets are in a period of 'normalization, not nirvana'

Goldman Sachs The Markets

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The Fed's Expectations for a Soft Landing

We're describing this window as a period of normalization and not Nirvana. We believe that we need to see evidence of durable disinflation, especially with financial conditions loosening up. And so the bottom line for us is still there's a really long ways to go.

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