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Release Of The Twitter Files | 12.5.22
Morning Wire
The Fed's Projections Have Really Been Off Every Step of the Way
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The Fed is expected to once again raise interest rates at their next meeting two weeks from now. Their goal is to intentionally slow the economy down and actually bring unemployment up with the hope of gradually reducing inflation in order to induce what they call a soft landing. The problem here again, as we've talked about in the past, is that the Fed's projections have really been off every step of the way over the last few years when it comes to fighting inflation.
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