Bloomberg Wall Street Week - July 7th, 2023
Wall Street Week
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The Fed's Long Term Outlook
Most of us expect that there's going to be a 25-point basis point increase in July. If inflation doesn't get down faster, I don't think the Fed will be forgiven by the bond market over the long term. We'll continue to watch interest rates over the rest of the year. The higher interest rates go, the stronger the earnings growth and real earnings growth that needs to be generated by the S&P and TAC sector.
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