Economic data
Fed Can’t Beat Inflation Without Market Pain, Says Dawson
Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation without offering a clear signal they might raise rates at their next meeting in December. NewEdge Wealth CIO Cameron Dawson says the Fed faces a contradiction as it tries to tighten financial conditions without causing significant market pain. She explains why bringing inflation back to 2% may require greater volatility in stocks and credit, and why resilient growth and elevated nominal GDP could keep pressure on interest rates. Dawson speaks to Bloomberg Surveillance hosts Tom Keene
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