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Better CPI data sends dollar lower. Stocks higher. Yields lower.

Better CPI data sends dollar lower. Stocks higher. Yields lower.

The lower than expected CPI sets the Fed playbook up for end to the tightening earlier in 2023 (for now). That has the risk assets up.

The Dow is up 835 points now. The Nasdaq is up a whooping 513 points. THe S&P is up 125 points

IN the US debt market, the 2 year is down -17 bps. The 10 year is down 15.7 bps.

The Fed pricing shows 50BPs. The terminal is 4.87% vs 4.98% prior to the report.

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  • EURUSD: THe EURUSD has moved up to test the next topsid... Read More
Posted: Dec 13 2022, 13:36
Author Name: forexlive
Views: 092193

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