
In this episode, we break down the Fed’s latest rate hike and explain why policymakers may favor bonds now and stocks over the longer run. He examines the rising neutral rate, sticky inflation, and why the 10-year Treasury yield could move toward 6% without further policy intervention.
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Is the Fed serious about price stability?

Can the US grow its way out of the “debt disease” if politics slow AI development?

Will the uptrend in global liquidity be sustained?

Is Secretary Bessent “the house” or a mere player at the casino?
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