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Archive of entries posted on 27th July 2023

One and done? The idea is “maximum optionality”

The Fed raised 0.25%.  They have one goal — to bring inflation down to 2%. That means cutting jobs. And then some. To get to 2%, the Fed needs to make us suffer. More rate hikes. Personally I don’t think 2% is realistic. Maybe 3.5%. Maybe 4%. The press grilled Powell on his plans. He […]