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Chris Temple: Fed Meeting. Stagflation and Rates
Michael Fox and Chris Temple discussed the Federal Reserve meeting, noting that it was a non-event with no rate changes expected. Chris highlighted the Fed's prediction of moving from "stagflation light" to "stagflation moderate" and their unchanged forecast of 2 x 25 basis points rate cuts by 2025. They also touched on President Trump's criticism of Jerome Powell, with Chris suggesting that Trump's inaction on reducing the deficit and debt may be a reason for the Fed's reluctance to lower interest rates.
Powell's Bond Market Challenges
Chris and Michael discussed the current state of the…
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