Boy do I hope this is Nikileaks channeling JPow telling the market they went too far with the hawkish shot over Trump’s bow
Reposted from
Nick Timiraos
A year ago, the argument that the Fed’s pivot was going to lead inflation progress to stall (or reverse) was grounded in a view that housing would be a powerful tailwind. The argument now seems to have ignored housing and shifted to some mix of sentiment/tight spreads/equities.
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