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Feb 2025
2m 30s

UBS On-Air: Paul Donovan Daily Audio 'Th...

CLIENT STRATEGY OFFICE
About this episode
Yesterday’s US consumer price data provoked some unease in bond markets. This is mainly the fault of Federal Reserve Chair Powell—not because Powell’s policies drove inflation higher, but because Powell’s “data dependency” mantra means markets overreact to any data point. Egg prices are not controllable (not even by presidential executive order), but the fac ... Show More
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