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Super Grannies and Market Update – June 30 Webinar Cancelled

3 reasons we think -2.5% decline is an over-reaction. "Higher for longer" is really "higher for longer DUE to higher GDP."

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We discuss: why the "hawkish" take by markets from FOMC ultimately reverses in the next few weeks.  There are 3 reasons, but the most important is the Fed funds YE 2024 is higher by +50bp because growth is raised by +40bp.  Wouldn't it be worse if Fed raised GDP view but did not raise Fed funds?

Please click below to view today’s Macro Minute (Duration: 8:54).

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