Daily Archives: July 7, 2024

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08Sep11:09 amEST

Both Statements Can Be True

On the one hand, the eighteen month "lag effect" from Powell's first rate hike (in March 2022) can finally kick in, and probably is as we speak according to various data, leading to tighter financial conditions for tapped out consumers and a long-in-the-tooth jobs market starting to crack.  On the other hand, the near-term pain trade in both...


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