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The text discusses the economic outlook, cautioning against excessive optimism despite not expecting a severe and prolonged recession. Central banks, especially the Fed, need to proceed carefully. The bond market suggests that the Fed will succeed in controlling inflation. The Bloomberg Surveillance team, including Tom Keene, Jonathan Ferro, and Lisa Abramowicz, addresses the challenging year and the approaching holiday season, noting the unique atmosphere with Hanukkah and Christmas. Despite a tumultuous year, there have been significant announcements made.
