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Humpty Dumpty Is Dead
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Humpty Dumpty Is Dead

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The Credit Strategist
Jun 15, 2023
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Humpty Dumpty Is Dead
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The Fed surprised markets yesterday by forecasting two more rate hikes this year even as they broke their string of ten consecutive increases. Twelve of the eighteen dot plotters projected a terminal rate of 5.5% to 5.75% this year if the economy performs in line with their expectations; in March, most of them expected no further increases after the …

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