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UBS On-Air: Paul Donovan Daily Audio 'Right response, wrong reasons?'
Published 1 year, 9 months ago
Description
Financial markets had the right reaction for the wrong reasons to the Federal Reserve interest rate decision. Certainty about US rate cuts has increased. This should be driven by the details of inflation data, which show clear disinflationary forces. It should not be dependent on the crude, almost vulgar abuse of economics that is represented by the fabled dot plot projections.