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MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more

Macro Voices

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Is the Fed Trying to Control Markets With Easy Money Policy?

The US dollar index traded right down to the 103 level going into the FOMC meeting and that's not only where the Fibbertraceman zone is but it lines up with 108 level on the euro. The market is just responding to expectations that the market thinks this was the last hike and the cuts are coming in terms of real yields you know that should be good for gold. I think we're getting to a point where the Fed is losing its ability to control markets through easy money policy once the broader market figures out what's going on here. That's incredibly bullish for gold but you'll see whether or not I'm right about inflation if I've got the inflation called wrong that

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