https://images.mauldineconomics.com/uploads/pdf/TFTF_Feb_24_2023_1.pdf
“In other words, 5.50% is NOT a stressful rate. The Global Financial Stress Indicator above says markets are enjoying the least amount of stress at any time in the last four years.
“Restated bluntly, a 5.5% funds rate is not restraining anything. So, cuts are not necessary.”
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