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Something for your Espresso: Powell BLEW it! Lagarde will not!

Weaker USD, lower rates, performing equities and credits. Powell blew it if he truly wanted to push back on loosening financial conditions. The Fed is now talking about the extent of hikes instead of the pace of hikes, which is an open door to a pause already in March. Position accordingly, not least as the ECB has a rare opportunity to “hawk things up” further.
2023-02-02
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