The Fed will have to deal with a backdrop that is more hawkish than anticipated on most major parameters. Will they dare to continue highlighting a couple of cuts this year?
Something for your Espresso: Not as soft as we’d like
It is inflation week after a strong labour market report that smelled of nothing but a continued hiking cycle. The inflation report is unlikely to look as soft as the Fed hopes for, and we find a long USD position warranted despite the debt ceiling looming
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