Posteo
Mhizeffizy
The CPI night once again proves that the market does not reward consensus, only punishes impulsiveness.
This time, the CPI year-on-year is 2.6%, below the expected 2.8%; core CPI is 2.9%, also below the expected 3.0%. The bet on rate cuts quickly heats up. Looking at the numbers alone, risk assets seem ready to pop champagne. But the market first gives some sweetness then strikes, the rally turns into a selling window, and chasing funds are wiped ou
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