An interactive heatmap graphic from the WSJ – it’s getting awfully red out there:
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Mick Weinstein
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Tighter financial conditions from the Fed seem likely later this year
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The Fed’s new mantra is to look at the totality of upcoming economic data releases to determine if their job is done, but even if there are no new rate hikes, rates need to remain in this restrictive territory for the foreseeable future.
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