Currencies And Equities Less Bothered By Recent Updates

Over the past several days we’ve seen a serious adjustment in Fed rate expectations, with the market now only expecting 3.5 cuts in 2024, down from near 7 a month ago.

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Over the past several days we’ve seen a serious adjustment in Fed rate expectations, with the market now only expecting 3.5 cuts in 2024, down from near 7 a month ago. All of this price adjustment comes from a less dovish Fed decision, stronger US jobs report, and hotter US inflation data.

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