Token Resistance

Published on January 22, 2024 by Premium

Fed officials are unlikely to meaningfully push back against the market's aggressive pricing of rate cuts regardless of the rise of risk assets. Real rates remain at cycle highs from declining inflation expectations even as recent inflation data is very close to 2%. Fed officials perceive financial conditions to be restrictive even with six rate cuts priced in the market, and are also concerned with potentially overtightening. The high degree of uncertainty and the Fed's […]

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