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Strategy Report

Beware: The Fed Thinks It’s Different This Time (It Rarely Is)

by Dhaval Joshi, Chief Strategist  

The Fed is betting that the usual non-linearity of unemployment is different this time, but so far, there is nothing to suggest that it is different. We discuss the key signposts to watch out for, plus the implications for interest rates and asset allocation.

BCA Research | Counterpoint

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