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Employment, GDP Nowcast, oil prices, equity commentOctober 08, 2022 at 10:25 AM EDT
Employment growth remains strong as rate hikes continue to contribute to a now rising federal deficit that is supporting growth, contrary to Fed expectations. This leads to more hikes intended to soften growth and inflation that in fact support growth and inflation: The Saudis are on the warpath after a falling out with President Biden, […] The post Employment, GDP Nowcast, oil prices, equity comment appeared first on Mosler Economics / Modern Monetary Theory .
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