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Into Thin Air
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Into Thin Air

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The Credit Strategist
Aug 25, 2023
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Into Thin Air
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Federal Reserve Chairman Jerome Powell’s highly anticipated Jackson Hole speech was more bearish than many market participants hoped for this morning. In a word, he warned that the inflation fight is not over: “Although inflation has moved down from its peak - a welcome development - it remains too high.” And unless it moves lower, the Fed will raise …

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