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Fed is approaching ‘the last frontier’ of inflation: Strategist
The Fed may still have a little longer to go to lower inflation to its target despite cooling rates. Northwestern Mutual Wealth Management Company CIO Brent Schutte outlines the Fed’s decision to raise interest rates in June, and how wage and labor market trends may push the economy into a recession. Recession risks may be mild “because I think inflation is going to be completely eradicated from the U.S. economy if we do have that recession,” Schutte stated.
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