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And what if the Fed was right?
One week after the FOMC meeting that caused such a stir (see our note of last Thursday), the "market" seems convinced of at least one of the following two propositions. (A) The Fed is probably right to see the current inflation surge as a temporary phenomenon that will be over by 2022. (B) If inflation turns out to be more persistent than expected, the Fed will not hesitate to tighten its monetary policy to cool demand. Either way, we will not see a repeat of the inflationary boo...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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