Closing Bell Overtime: Game-Changing Week Ahead? 1/30/23
Closing Bell
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Is the Higher for Longer Argument a Base Case?
The two-year treasury note is clearly signaling that the Fed is very close to the end of its tightening cycle. I kind of hope that we do wind up keeping interest rates around five percent of the Fed funds rate and the bond yield around three and a half percent. But you know what? I think it would be great not to go back to zero interest rates. The new normal for all too long from 2009 to 2021 where interest rates were zero and central banks were doing their best to get inflation up.
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