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The text highlights that while a deep and lengthy recession is not forecasted, caution is advised as this year has been exceptionally challenging. Central banks need to be cautious, and it may be appropriate for the Fed to scale back. The bond market suggests the Fed will overcome inflation. The discussion takes place on Bloomberg Surveillance with Tom Keene, Jonathan Ferro, and Lisa Abramowicz, who talk about the upcoming holiday season and the overall mood in America amid a tumultuous year.
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