Disliked{quote} The FED won't be able to engage in much QT, Biden is too busy funding the Russia Ukraine war, the other conflicts and trying to buy the next election!Ignored
Looking financial data today was good,
USD Index ( or DXY) and US10Y sliding
Unless Powell is really hawkish the correction on the markets will be short lived
( that going to be a huge spike if JayPow goes hawk)
Remember, Powell said they "want to see the whites of inflation's eyes".
Still not there yet, in terms of the official data, but approaching it rapidly.
It may comes in the May or June data, which means they'll be amenable to cutting in July 2024 or after.
Brace
I come from the future.
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