usually the opposite. The markets as you know are forward looking instruments. They look forward to 3 interest rate rises and act as though....
Now imagine Powell comes out and says well we are easing up on this because we have new data. markets believe he will do this and hence their temper tantrum now to force it. Its like taking chocolate off your children....you will get a tantrum. After an hour of screaming you will give the kids their treats.
much of our market negativity today is about 3.5% inflation rate.
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