Despite soaring Services inflation, rate-hike expectations are falling after the headline and core CPI print as expected…
And after an initially disappointing drop, US equities are spiking higher…
Update – Stocks reversing now…
Treasury yields are tumbling…
Dollar weakness is accelerating…
And gold topped $1900…
Cue the hawkish FedSpeak to jawbone financial conditions back from Jackson Hole lows…
Is this the “unwarranted” easing The Fed warned about?
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