What “Higher for Longer” Means for the Markets and Economy 12/14/22
CNBC's "Fast Money"
00:00
Is There a Credit Crisis?
If rates stay higher for longer, debt payments, interest expense will expand. In order to get that last leg of inflation lower, the Fed's going to have to stay restricted. Effectively, we need unemployment to go up significantly from where it is now in order for them to take their collective foot off the gas.
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Transcript
