Karen Karniol-Tambour sees risk that tightening is still working through the economy

  • The economy is resilient but the tightening is still working its way through the economy.  
  • It is unclear whether the economy will go into recession.  There is also a risk the fed will need to tighten more.
  • There is a high chance that rates will remain higher.  Many investors have not adjusted to this new regieme.

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