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No Clear Sign Of Recession Yet, Says Nick Reece
Forward Guidance
The Soft Landing Scenario Is Underappreciated
I think the soft landing scenario is probably being underappreciated as a possible outcome here. The two things that are really potentially going to push things over the edge would be an overtightening of monetary and fiscal policy. I wouldn't be surprised if they come out in August or September and say, mission accomplished on the clear and convincing evidence for inflation coming down.
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