MacroVoices #362 Jeff Snider: Soft Landing or Crash Landing?
Macro Voices
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I Don't See Is Cutting Rates This Year
markets are pricing rates coming down far sooner than the Jay Powell and the FOMC is projecting. The chances of a premature involuntary rate cut regime would be consistent with what you see in full time jobs, for example. With curves as heavily inverted as they are, we haven't seen this really since 2007. And it's about a recession that forces a panic rate cutting cycle to begin before this year is out.
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