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The Fed Put Still Lives | Vincent Daniel

Forward Guidance

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The Resilience of the Economy

The price of energy oil has gone down a lot, but on the core side, inflation's been pretty resilient. The improvement in energy costs is definitely a welcomed positive rate of change for the underlying consumer and the like. However, that hasn't really materially changed the incremental cost of a new home or the incrementalcost of a new car. That's more rate driven than anything else. And I kind of think we've walked into what we're seeing in the economy, which is all things current in our lives,.

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