Surveillance: Citi's Fed Funds Forecast
Bloomberg Surveillance
00:00
The Fed's Explanation Not to Hike Rates
I've been in the camp that we are generally headed towards deflating. We had four or five solid months right from September of last year to January of this year where you saw nothing but deflation. So I think on the good side of things, we're still in an overall deflationary environment. But yes, I think we have overreacted and as these companies are pulling back on their jobs, I think that just filters through what we've lost sight of.
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