(USTs bid/flatter -- long JGB sqeeze)while WE slept; 'data response index' SAYS; 'Higher for longer; the FED is not cutting rates before July, and certainly not five times in 2024'
(USTs bid/flatter -- long JGB sqeeze)while WE slept; 'data response index' SAYS; 'Higher for longer; the FED is not cutting rates before July, and certainly not five times in 2024'
Good morning. Before I jump in, a quick mention that due to ‘travel’ schedule (heading in TO NYC, (work, meetings, parties), I will NOT be sending off anything tomorrow — Thursday — morning, after the FOMC meeting. I’ll be monitoring markets (and Global Wall Street) reflex TO FOMC, presser and the price action. This commentary will attempt to benefit from hindsight (20/20) as the dust will have settled by Friday morning, when you should fully expect spammation to resume…
Great detail on the CPI...
I agree with your Headline.....the market is ahead of itself
The inflation fight isn't quite over......
Have for in NYC.....
Thank you for your expertise....