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Will Jerome Powell derail the ‘Immaculate Disinflation’ narrative?

Manas Chakravarty   •

The Federal Open Market Committee meeting this week is very important, as it will tell us whether the Fed has finally changed its stance on inflation, or whether it pushes back against the market narrative

The big question before the Fed meet on July 25-26 is not whether it will hike the policy rate, but whether Fed chief Jerome Powell will try and scotch the market’s belief that this will be the last rate hike in this cycle

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