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The markets are pushing rate hikes, and longer maturity real rates are at levels that are typically associated with equity market corrections.
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Figure 2: Longer maturity real rates are at uncomfortable levels. Powell and Yellen left Warsh and Bessent with a complete mess.
Barry C. Knapp
Managing Partner
Director of Research
Ironsides Macroeconomics LLC
908-821-7584
bcknapp@ironsidesmacro.com
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