Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
…. “But this time around, not only is inflation running at a roughly 40-year high, unemployment sits at 3.9% and the economy appears relatively resilient thanks to solid consumer balance sheets, analysts said.
“Put another way: until we get a further selloff in risk assets, the Fed will simply not be convinced that raising interest rates and reducing the size of its balance sheet in 2022 will more likely cause a recession rather than a soft landing,” said Nicholas Colas, co-founder of DataTrek Research, in a Monday note”….
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