Fed Dots: Stabs In the Dark Without Any Substance

Revenge of the dots. Sort of. The Federal Reserve hit the pause button for the second time this year this week, yet all anyone wanted to talk about was next year. Maybe there will be another rate hike from policymakers in 2023, maybe not. What comes immediately afterward, and why, that’s the whole thing.

And it isn’t inflation. That much we might agree on.  


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