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Bill Dudley: A US Soft Landing? Even the Fed Doesn’t Believe It
Unless 3.6% unemployment is the new normal, the central bank has more tightening to do. After a string of encouraging data, markets are displaying increasing optimism that the Federal Reserve might be done with its battle against inflation – and that the US will experience a rare "soft landing," in which inflation falls back to 2% and the
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Posted: August 1, 2023 Tuesday 05:00 AM