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Unusual Whales Pod Ep 15: FOMC, 50bps, Powell, Inverted Yield and the Macro market heading into 2023

Unusual Whales

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The Market and the Fed Are on Different Tracks

The Fed has a principle that doesn't like to surprise the market. Chair Powell has hinted in his last speech that he thinks the September dot plots are a little bit low and the dot plots that he's going to announce today are going to be higher. I think from the Fed's perspective they don't think that inflation is going to decelerate as quickly. A big part of why inflation is continuing to remain high is because of services inflation, which means the Fed really can't suddenly loosen.

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