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There is virtually zero probability that this 75 bps hike would even moderately reduce the inflation numbers though this hike is big enough to guarantee the onset of the Minsky moment i.e. setting off an Inflationary Depression
Economy

Powell hikes herald “the Minsky moment”

Shanmuganathan Nagasundaram - 0
75 bps raise the right move by US Fed? The 75 basis hike by the US Federal Reserve on June 15th was quite extraordinary for...

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