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The Fed hiked rates above 5%, and yet the US economy doesn't break. Back in 2022 already, the yield curve inverted and it has stayed inverted ever since. The lags looked relatively short, and the US economy was going through a soft patch in 2023 when it became consensus that a recession was gonna happen. Something even broke in markets (regional banks), and ...
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post: FED'S BOSTIC: I AM PLEASED WITH INFLATION PROGRESS IN APRIL BUT THE FED IS NOT YET THERE. post: FED'S BOSTIC: THERE IS STILL A LOT OF PRICING PRESSURE IN THE ECONOMY. post: *BOSTIC: CPI NUMBER CAME IN LOWER THAN 3-MO. AVG. FOR THIS YEAR *BOSTIC: SHELTER CAME IN HIGH BUT ITS LOWEST SINCE MID-2021 *BOSTIC: FIRMS CAN'T 100% PASS THROUGH PRICES, ECONOMY SLOWING post: FED'S BOSTIC: I AM HEARING BUSINESSES SAY THEY ARE AT THE LIMITS OF PRICING POWER AND NOT ABLE TO FULLY PASS-THROUGH INPUT COSTS. post: FED'S BOSTIC: IT COULD BE APPROPRIATE TO REDUCE RATES TOWARD YEAR END.
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