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MNI PODCAST: FedSpeak- 75BP Hikes Are New Baseline: Roberts


Our latest FedSpeak podcast has just been released - Available here

  • Rick Roberts, ex-NY Fed executive and KC Fed adviser, says 75 basis point moves are the new baseline at least for July, maybe September.
  • Roberts says a recession is likely inevitable and, even if shallow, will come with a significant rise in jobless rate to 5.5% or 6%.
  • QT is happening sufficiently slowly that it should not disrupt financial markets, he said.

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