Moody’s Says It All

🇺🇸 🇺🇸 Moody’s: CPI data confirms that the rate hikes are over; bar is not high for them to actually cut rates; need to be absolutely sure that inflation is going to get back to their target before they cut rates; rate cuts probably not until mid-next year; economy is going to be able to avoid recession; job growth is slowing; wage growth is moderating; We put the odds of a recession beginning in 2024 at 25%
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