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Podcast: Money Life with Chuck Jaffe
Episode: Allspring's Bory: 'The soft landing has passed,' but Fed still has work to do
Description: George Bory, chief investment strategist for fixed income at Allspring Global Investments, says that 'the soft landing was earlier this year,' and now the Federal Reserve is trying to "prevent a recession in an otherwise fairly healthy but unevenly distributed economy." Bory notes that central bankers typically cut interest rates to stimulate a slowing economy, but that's not the case currently in the United States, where he says the Fed is trying to bring rates down more in line with inflation, and that has changed the shape of the yield curve, dropping short-term rates but making it that...