The grains of sand in the hourglass are running thin, but it looks like they may have to last an extra 42 days now before we reach the first of key interest rate cuts from the Fed... Market participants may be adjusting their clocks accordingly after Powell’s presser today seemed to have moved the goal post back from March 20 to May 1. Initially, price action in US markets was cautious, but mostly muted leading up to the FOMC event today as Tech and the inability to outshine lofty expectation…
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