Keep calm and carry on seems to be the mantra these days. The S&P500 melted higher throughout the session to close +57bps and comfortably above $6000, brushing off FOMC minutes that showed a bias towards a more gradual rate cutting cycle. Goolsbee went as far as to say he thinks it would be “perfectly sensible” to slow the pace of easing as he tries to narrow in on a neutral setting for policy. As for our two cents, we would that the minutes dwelled quite significantly on financial stability ri…
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