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The Fed Crushes the Idea of a UK-Inspired Pivot

The Breakdown

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The message from the Fed couldn't be clearer right now, and no amount of the UK looking wonky is going to change that. The only catalyst for a Fed shift outside a dramatic downshift in the rate of inflation as signs of softening in the labor market are not breaking. In fact, US jobless claims fell to their lowest level since late April.

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