- The next step depends on data points
- Inflation moved a lot faster than expected
- I list the range of potential Fed decisions from no cut to 50 bps
- Solid business conditions give the Fed space to be patient
The market is right to price in a return to 3.00% but what I’m thinking about is: under what conditions would they go below that?
This article was written by Adam Button at www.forexlive.com.
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