Inflation Drops Most In 2 Years, but Not Everyone Is Buying It
The Breakdown
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The Fed's Hiking Cycle Is Imminently Coming to an End
Since January, the main index is up 7% on the back of expectations that the Fed's hiking cycle is imminently coming to an end. The markets are in this very weird spot. They've been slowly grinding higher basically every week with the only dips being around data that looks recessionary. Ted Talks macro writes today is US CPI day and for the first time in a long while, it feels like the market is discounting the significance of this event.
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