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Fed's persistent hawkish tone post-CPI is interesting
The latest CPI print didn't entirely shift the Fed's rhetoric, still hearing quite a bit of hawkish leaning. This stickiness, even with some cooler prints elsewhere, suggests they're really committed to the 2% target. Makes me wonder if the market's pricing in cuts too optimistically for H2 2024, or if there's a disconnect brewing. Keeping an eye on $EURUSD for further divergence signals.
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