In an odd reversal from normal, it is the US equity market that is reacting and bond and FX markets that are ignoring the extreme hawkishness of the Fed Minutes.
In an odd reversal from normal, it is the US equity market that is reacting and bond and FX markets that are ignoring the extreme hawkishness of the Fed Minutes...
Stocks are down across all indices..
The dollar is up modestly extending earlier gains...
and bonds are going nowhere...
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