Lundy Wright on the Fed, Inflation, Fantasy Economics & Debt [PODCAST]
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Ever since May's CPI print blew away expectations, the already jittery global capital markets have become even more unsettled. And on Wednesday, June 15th, the Fed responded by raising rates 75 basis points, which is the first time the Fed has hiked by that amount since November 1994.
Back then the Fed was pretty successful in engineering a soft landing in the economy, but the circumstances are very different this time around. To make sense of it all, we are pleased to welcome Weiss's bond expert Lundy Wright. So please check disclosures at the end of the episode and get ready for this one.
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