"If unemp is a lagging indicator of recession as it was in 1970s -> makes sense that markets assume that

"If unemp is a lagging indicator of recession as it was in 1970s -> makes sense that markets assume that inflation will soon roll over, freeing the Fed to back off next" Great unhedged this from @rbrtrmstrng
ft.com/content/a84158… https://t.co/jE0M4Jop4y

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