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Potential Pause, Messi of AI, Restaurant Revamp 7/28/23

The Exchange

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The Fed's Tightening Cycle and the Bond Market

I think we're done in terms of the Fed hiking cycle. This was likely the last rate hike that we saw from the Fed. We are not necessarily in a Goldilocks economy. The ECB is going through its own tightening right now as well. A lot of focus on Japan, given what we've seen with yield curve controls.

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