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How Have Market Expectations Changed After the US Inflation Report?
On Tuesday, I wrote that the
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On Tuesday, I wrote that the probability of at least one Federal Reserve interest rate hike by the end of the year currently stands at around 70%, according to the CME FedWatch tool. On Wednesday, it became known that inflation in the US surged to 4.2%. While this figure aligns with market expectations, it is hardly normal. In just three months, the consumer price index has accelerated from 2.4% to 4.2% and continues to move away from the Fed's target.We
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Chin Zhao,
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