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Membership Revoked
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Joined Jan 2007
|2684 Comments
Some push-back against Lagarde.
It's not all going to all fall upon USD, lowering inflation.
Fed hike will be accompanied by a patient Fed.
They are scared of a recession and will error on patience with inflation, blaming Covid, Russia and any other entity to justify Patience.
Powell has proven himself a Turtle when it comes to commitment he is not going to become a Hare.
Weekly RSI has already hit above 80, generally not a good signal to see a higher level in USDX