Best month since ’76, Off the Rails, and 3 Buys And A Bail: Healthcare Edition 10/28/22
The Exchange
00:00
Is the Fed's Game Plan Working?
The third quarter GDP report, although looking in the rear view mirror, did suggest that the Fed's rate hikes are having the desired effect. The question is when will they know that they've done enough to slow the economy? And will they be able to take a break zone? Or do they have to keep going in order to prevent inflation expectations from getting embedded in the consumer? Yeah. I remember months ago, David Kelly, whom you know very well, said the risk of the Fed is that they do too much, too late for too long.
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