Re: Inflation/USD/Oil - From Ripping Dots to Dipping Dots?
Since the December Rhetorical Pivot, the market has taken the 3 Dovish Dots from the FOMC and extrapolated 6-8 Rate Cuts from it. Is that realistic? I say NO.
Since the December Rhetorical Pivot, the market has taken the 3 Dovish Dots from the FOMC and extrapolated 6-8 Rate Cuts from it — what I call the Ripping Dots (Ripping away from current baseline Fed Funds Rate).
Is that realistic? I don’t think so.
In fact, I think there is a very good chance of the Fed disappointing on the 6-8 Cuts and a decent chance…
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