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As the Fed Remains Aggressive, Markets Wait for the Other Shoe to Drop

Financial markets continue to be rattled by data indicating that monetary policy may need to tighten further to slow economic growth and inflation. U.S. equities and fixed income ended the prior week with broad-based declines.   In January, core inflation registered its largest month-over-month increase (+0.6%) since June, driven by surging personal income and spending. …

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