“And like that, it’s gone”…
There goes your reflation narrative folks.
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And since the Fed:
And look, no matter how we close or how this gets spun, the bottom line is that this does not bode well in terms of the pace at which the administration is going to be able to move forward with tax reform. That, in turn, underscores the extent to which the reflation narrative is dying on the vine.
Don’t say the media didn’t try and warn you…