Why The Fed Should Embrace Inflation
Tim Duy has another astute FedWatch today, chez Thoma, in which he reiterates that although it's a close-run thing, he reckons the Fed will stand pat at its next meeting, essentially riding on the bigger-than-expected rate cut in September. On the other hand, he says, he may be underestimating the degree to which the Fed is worried about the housing slowdown:
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