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Discussion
In this morning’s Nick Timiraos FOMC preview he called out this morning’s ECI report as key to whether rate hikes move back on the table.
At 8:30am EST ECI came out above all estimates, putting rate hikes squarely back on the table.
Yeah. Watched that as well. They are moving the narrative quickly towards at least opening up the possibility of a hike but we need powell to say it for the market to rally care
Nice flag on the NT article. Need to bring back the dual sided risk to the Fed's next move