In previous cycles, the tops came with negative real interest rates.
Today, they remain positive — and the data released today reinforce this point. Maybe the market is looking at the chart… when it should be looking at the regime. #CPI #FOMC
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In previous cycles, the tops came with negative real interest rates.
Today, they remain positive — and the data released today reinforce this point.
Maybe the market is looking at the chart… when it should be looking at the regime.
#CPI #FOMC