Calm Open, Big Cross-Currents

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Global markets open the day calmly on the surface but with powerful cross-currents underneath. US equities are consolidating near record highs in thin holiday trading, with focus squarely on upcoming FOMC minutes that could clarify the widening disconnect between the Fed’s hawkish outlook and markets still pricing multiple rate cuts, even as yields ease, the dollar slides toward multi-year lows, and political uncertainty clouds Fed independence.

Video Length: 00:01:27


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