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Podcast: Let's Appreciate
Episode: The New Normal: Rising Deficits and Bond Turmoil
Description: Jerome Powell and the Federal Open Market Committee's Stance:The Federal Open Market Committee, led by Jerome Powell, is indicating a pause in interest rate hikes, highlighting a need for caution and careful consideration of "highly elevated" geopolitical risks and other uncertainties.There's potential for a move in December or later, but conditions need to be met based on comprehensive incoming data, the evolving outlook, and risk assessment.Despite the higher long-term yields, Powell suggests less need for the Fed to hike rates. Reasons for the rise in yields include government budget deficits on an unsustainable trajectory.Bond Markets...