The Beatings will continue until morale improves
Three quarters later, we\u2019re still not making progress towards the pipe dream of a soft landing. Inflation has shown no real signs of slowing down; yet GDP numbers and the labor market still suggests the Fed is no where near the \u2018pivot\u2019 point. I\u2019m at the point where I\u2019m honestly wondering if achieving the terminal inflation rate of 2% is even possible. Also, the same problems persist in Europe, and they\u2019re even further behind the U.S.
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