HR Weekly

March 16, 2024   Dots and bubbles. It's all about dots and bubbles. More specifically, it's about whether the Fed might endeavor, at its latest policy meeting, to leverage a collection of dots to burst any bubbles the market may be in the process of inflating. Fed critics'll find that sentence unsatisfying. The market, they'd say, should be forgiven for all but the worst examples of speculative excess. It's not the market that inflates bubbles, after all, it's the Fed. And if you think

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