A ‘disappointing’ CPI print (cooler than expected) has promoted a surge higher in the market’s expectation for rate-cut…
Source: Bloomberg
Prompting a surge higher in EVERYTHING.
Stocks spiked…
Treasuries were aggressively bid with 10Y yields sdown 5bps…
Source: Bloomberg
The dollar fell…
Source: Bloomberg
Helping gold to accelerate…
Source: Bloomberg
Goldman said that this would be a materially dovish print (
What excuse will Powell come up with next to NOT cut?
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