"The Fed continues to move along the continuum from dovish to hawkish. However, they are now so much hawkish, but instead, they are data dependent," says Garrett Melson. He believes that the Fed wants to be patient and see how inflation will work itself out over time, knowing that they cannot fight supply side inflation. Finally, he weighs in on the runoff being the death knell for valuations.
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The Watch List
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