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In this segment, host Steve Van Meter discusses concerning new information about the economy, suggesting it is in worse condition than previously believed. He argues that central elites are misunderstanding the situation and are unable to predict future economic developments. Van Meter highlights a lack of good news, although he mentions a headline from Bloomberg indicating the Federal Reserve's inclination toward further rate hikes to control inflation. According to recent FOMC minutes, a restrictive policy must persist until there is clear evidence that inflation is on track to reach the 2% target, which could take considerable time and warrants further examination.