Markets Yesterday, the focus was on the US CPI. After recent repositioning, the market reaction was telling. First the data. They were close to expectations, with headline CPI at 0.4% M/M and 3.7% Y/Y (0.3% M/M). Core inflation eased to 0.3% M/M and 4.1% y/y (down from 4.3%). Post-payrolls, the market mostly reacted with a […]
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