Fed: Any USD strength on hawkish rhetoric could reverse quickly – MUFG DollarIndex Fed Banks
“The Fed certainly has an incentive to talk hawkishly. The inflation data are clearly good news but market conditions since the last meeting have clearly loosened and the“Since the hawkish FOMC on 2nd November, the S&P 500 is up 4.3%; the 10-year UST bond yield is down over 50 bps and the USD is nearly 7% weaker.
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