Keep in mind that Fed policy would never be to just stop hiking once they see one month of stability in inflation figures, they'll want to see consecutive months of stable, or lower, inflation prints.
This is a long process, and August will be a tough month, once the earnings season is finished.
What we are seeing may be short lived, and the run we are all waiting for will be towards years end imo
Keep in mind that Fed policy would never be to just stop hiking...
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