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Conflicted Fed stuck btw rapidly disappearing inflation & bank crisis already reappearing.
The #FOMC #federalreserve decided against another #ratehike today, instead choosing not to choose. Some officials insist #inflation is the biggest risk but apparently not enough to act right now. Instead, #recession and #bank problems still weigh enough to force this nonsense of a "hawkish pause" as a temporary compromise.
Eurodollar University's Money & Macro Analysis
Bloomberg: There’s More Trouble Coming for Regional Banks
https://www.bloomberg.com/news/articles/2023-06-10/apollo-spotted-a-worrying-real-estate-signal-for-regional-banks-credit-weekly
FOMC SEP Summary of Economic Projections…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.