Financial markets and the US Federal Reserve remain in disagreement on a subject crucial to asset prices and economic growth: how low interest rates will eventually go.

Betting against the Fed is a fraught endeavor. Nonetheless, in this case I think the market is right.

QOSHE - The Fed Is Wrong About How Low Interest Rates Will Go - Bill Dudley
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The Fed Is Wrong About How Low Interest Rates Will Go

8 1
04.04.2024

Financial markets and the US Federal Reserve remain in disagreement........

© Bloomberg

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