Equity and bond markets rebounded from the post-CPI selloff as Fed members downplayed the hot January CPI report. Japan slipped into a technical recession, which could question BOJ tightening hopes again but Nikkei strength and Yen weakness persisted. Dollar momentum eased, helping most G10 FX to recover some of the losses although GBP was the underperformer after dovish CPI and comments from Gov Bailey. Gold was also unable to catch a bid, and focus turns to comments from ECB’s Lagarde and Fed’s Waller in the day ahead. US Equities: On Wednesday, the US equity market rebounded. Meta, climbing 2.9%, and Tesla, rising ... (full story)