Behind The Markets Podcast: Chris Miller
Behind the Markets Podcast
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Do You Think the Fed Is Going to Reverse Course?
The Bank of England is trying to reverse course on their quantitative tightening program. I don't see any signs of financial crisis or stress, even with this jump in rates. The depression, the housing industry, borrowing and all the rest can really cause a turn down if the Fed doesn't signal that it will soon stop. Certainly, with this PCE, which is definitely what the Fed looks at, they're going to continue to be very aggressive.
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