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75 sats \ 3 replies \ @grayruby 1 May \ on: Why the Fed expects more bank failures econ
You can feel the rumblings. My spidey senses were tingling last week, that's why I wrote the gradually then suddenly post.
I think you're spot on. If Powell holds rates steady, I think US markets might pull a version of the old taper tantrum in order to scare Powell into cutting between meetings. Then it's off to the races, and the poor will just have to learn to live with some more inflation.