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Pastimes : The Philosophical Porch
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From: Rarebird12/13/2023 9:56:33 AM
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If you are a Fed watcher, which I am not, since I got better things to focus on as a stock picker, the question you have to ask is policy restrictive vs conditions? From where Powell sits, I think the answer is no. Thus, I think the bond market is way out of line.

Eventually, the bond market will come back to the Fed's way of thinking, "higher for longer", the question, of course, is when, how soon?
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