Commenting on the latest CPI data, Philadelphia Fed President Patrick Harker said Thursday morning that he expected the "eye-popping" inflation readings of 2022 were behind us and that it made sense to slow down the pace of rate hikes.
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The Confession In The Escalation: If Iran Is Beaten And Hormuz Is Ours, Why The ‘Unprecedented’ Sanctions?
That argument stands. But there is a simpler problem sitting on top of it, and it lives inside the administration’s own words.
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