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Has the Fed already tightened too much?

May 13, 2022 - 12:00 -- Admin

Deutsche with some alternative methods for measuring US financial conditions. I completely agree that the market has the extent of rate hikes wrong. But I still see a few more before it all goes to shit. Almost by definition the Fed has to over-tighten before it stops.  — A Volcker-like rise in the shadow rate

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