Surveillance: Fed Pause with PGIM's Rosner
Bloomberg Surveillance
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How Much Will the Fed Continue to Rake Rates?
Recent data have suggested that inflation is not coming down as fast as the previous data might have suggested. This does interfere with the Fed's narrative that were headed down in a steady way to 3.5% on core PC by the end of the year and even lower after that. The recent data just don't show much slowing. And I do think that is important to the Fed's decision this week.
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