A hawkish 50bp cut – now I’ve heard it all!!…..But that is what we got and the market positively loved it! The Stoxx 600 climbed 1.4% buoyed by renewed hope of a successful soft landing and seemingly undeterred by the hawkish dot plot/messaging from the Fed in terms of what is to come. Powell channelling his inner Simone Biles if he manages to pirouette, twist, turn, flip, flip again and stick this but so far….so good! Our view - The FOMC has clearly prioritised preserving strong growth and fu…
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