Monetary Tightening in 2023: The Fed’s Deliberate Dance with Inflation
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The drop in headline inflation to 3% in June from May's 4% and the better-than-anticipated bank earnings offered an optimistic economic backdrop. Despite this, Powell negated any rate cuts for the current year but hinted at potential policy easing by 2024. Contributing to the broader conversation, experts such as Tom Hollenberg, Jared Franz, Shannon Ward, and Andrew Cormack provided insights on various facets ranging from inflation control, the potentiality of recessions, credit scenarios, and expectations regarding the US dollar's trajectory.
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