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The text expresses caution about economic outlook, suggesting that a deep recession is not expected but optimism should be tempered. Central banks need to be cautious, with room for the Fed to lower interest rates. The bond market suggests the Fed will successfully combat inflation. The hosts of the show, Bloomberg Surveillance, discuss the challenging year and upcoming holiday season. Hanukkah and Christmas bring a different feeling this year, marking the end of a tumultuous time.
