or is there still a lot of fear there? i think two basic narratives. some are feeling good about this. they say inflation is coming down. we might hit the magical soft land ing. and then you talk to others who say the economy is reaccelerating. the fed might have to do even more and we may have an even more painful recession down the road. i think you can read this data either glass half full or glass half empty. i m typically a glass half full person. the angle of the debt ceiling, how close is the fed watching that debacle and what will they do in the months ahead we re trying to see where washington lands? seriously doubt they are going to tell us anything about what they are going to do, by think it s really important and interesting to note that jay powell, the fed chair, was the point person at the fed when we had the last debt ceiling issue. he really cut his teeth in
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