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It's STARTING! The Fed Just Went To War With Bonds
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates
They were all lovey-dovish last month in pausing rate hikes, then last week suddenly they're all hawks again. What changed? It wasn't the economy nor the economic data derived from it. The Fed's entire worldview is exposed when markets diverge from policymakers' preferred path. From rate hikes to the Phillips Curve, there is no basis for what central bankers do...accept to manipulate public opinion.
Eurodollar University's Money & Macro Analysis
Chair Jerome H. Powell At…
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