Markets, US Economy, And The Supply Chain (Podcast)
Bloomberg Intelligence
00:00
The Fed Can't Do It Right Now
The worst thing that could happen for the fed's credibility is that they don't raise as much as we expect, and then inflation rises even higher. The second quarter, king, i'm kind of increasingly scary from the fact that we finally just saw real spending, or inflation adjusted spending, fall for the first time this year in may. So it's not quite clear what’s going to happen in june, and whether that was more of a ablip in the month, or whether this is the start of a sustain downward trend and inflation adjusted spending.
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