Nouriel Roubini, Understanding the Fed’s Dovish Turn
Due to key changes in macroeconomic conditions and the political environment, the Fed has abruptly put further interest-rate hikes on hold for the rest of the year. Roubini offers six different reasons why the new normal in the foreseeable future will be a US policy rate close to or just below 3% (reads in 6-7 min).

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