The Fed Hikes Until Something Breaks, Something Broke | Jim Bianco
Inflection Point
00:00
How to Maximize Your Profits in Money Markets
Jim Cevallos: When banks get a ton of inflows and deposits, sometimes that's a really good thing. Sometimes it's also a problem, right? Because you've got to turn around and find investment opportunities to park those deposits in. He says the Fed could lower the funds rate and bring those market rates back down to three or two. But as he pointed out, we have a 6% handle on inflation. And if that doesn't come down anytime soon, that is going to be a problem,. Or is the Fed supposed to abandon the inflation problem?
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