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Get Ready for “Higher for Longer” and the Full Cost of the Labor Strikes 9/20/23

44 min•20 september 2023

Stocks closed near their lows of the day after Fed Chair Jerome Powell reiterated his intent to keep rates high and said that a soft landing for the economy is not the base case scenario. We break down all the action in the market today. Plus more details on the UAW negotiations. What all the strikes are costing the economy.

 

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