Watch Fed Can’t Beat Inflation Without Market Pain, Says Dawson - Bloomberg
· bloomberg.com · popularity 46/100 · 0 similar stories today · Economy & Markets (Money, Markets & Investing)
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Summary
Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation without offering a clear signal they might raise rates at their next meeting in December. NewEdge Wealth CIO Cameron Dawson says the Fed faces a contradiction as it tries to tighten financial conditions without causing significant market pain. She explains why bringing inflation back to 2% may require greater volatility in stocks and credit, and why resilient growth and elevated nominal GDP could keep pressure on interest rates. Dawson speaks to Bloomberg Surveillance hosts Tom Keene and Paul Sweeney. (Source: Bloomberg)
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