US inflation cools more than we dared hope
NAB Morning Call
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The Fed's Market Reaction to the 3% Rate
Prince: Markets are almost seeing status of the other side of this, at least in terms of risk assets. They're seeing inflation easing and no surprises to see the reaction you have seen in markets. But is it too much? I mean, we're still expecting a high, can't we from the Fed? It's one result. Prince: Most Fed officials still think the labor market has to weaken before they become more confident here.
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