The Ripple Effect, Citi’s CFO on Earnings, and “All Bulled Up” 7/14/23
The Exchange
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The Impact of Higher for Longer Rates on Equities
Cooler than expected readings this week on consumer and producer prices have Wall Street hoping an end to fed rate hikes could be near. Black Rock Chairman and CEO Larry Fink said a hot labor market is going to keep rates higher for longer. Next guest says that's true, saying wages are going to be a headwind for companies. Just one factor keeping him cautious on earnings.
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