The Soft Landing Narrative Is a Trap (!)
Real Vision: Finance & Investing
00:00
The True Target Variable for Inflation in the US
I'm open-minded to the idea that these frictions may linger. They might re-flare every so often. And that will change the central banks reaction function on a go-forward basis. But I do think there is a lot more two-way risk here and maybe rates will stay higher but in a range, at least at a minimum.
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