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The Fed debate might pause at 5% but it won't end
The Fed has been peddling a wonderful narrative:
Rates will rise somewhere in the 4.75-5.25% range and then flatten out, perhaps for all of 2023. Despite that, the economy will cruise to a soft landing with a recession largely avoided. Then inflation will slowly come down to target in 2024 and rates will decline back into the 3% range.
History shows that such outcomes are rare.
Last week, Deutsche Bank published a good chart of Fed rate hiking cycles and how history shows th... Read More
Posted: Dec 5 2022, 18:13
Author Name: forexlive
Views: 110721
