This is a big week for the markets and so far, investors have received what they are looking for. Powell’s testimony to Congress has alleviated some questions about if rate cuts are coming as he acknowledged yesterday that inflation was not the only concern the Fed had. While he did not dial back his conservative dovishness today, he adeptly did not put a time frame on when he thought that first rate cut may come. CME futures continue to price September as the date (70% expectation), but by now…
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