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Financial Times/Colby Smith/7-26-2023
“Nothing in the policy statement or the press conference led me to doubt our view that this will be the last hike of the cycle,” said Ellen Zentner, chief US economist at Morgan Stanley. “The consumer is slowing, jobs are slowing, inflation is slowing and all those big pieces of the economy have been coming in line with our expectations.”
USAGOLD note: The tussle between an adamant Fed and a dubious Wall Street continues ………
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