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This week is all about The Fed| Ausbiz
Inflation has slowed quickly. There is no breakout in inflation expectations, no evidence of a wage spiral and now, core PCE inflation is below the Fed Funds rate. Meanwhile, the economy is cooling quickly, the yield curve is inverted and household spending shrunk for the last two months as the housing market has been hammered.
According to Isaac Poole, Global CIO at Oreana, the Fed has to stop hiking soon.
(Source: Ausbiz)
Click here to watch the interview.
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