Markets decided to start off on a positive note today and orchestrated a drift higher as the summer doldrums seem to be kicking into high gear on this fine Monday. As earnings have taken a step back, Fed speakers have stepped forward. This morning began with the release of a NYT interview with NY Fed’s John Williams where the prominent takeaway was that while he sees the need to keep rates restrictive for some time, cuts may be warranted next year as inflation cools. A more hawkish-sounding B…
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