New Telegram room and CPI recap
Print is hot, but is the economy?
Hello traders,
We had a hotter than expected CPI report today and markets sold off on it.
We did not get much movement during RTH and were happy taking points in the range.
So what is next for the Fed. They definitely cannot cut and unless Biden intervenes rate cuts are now pushed until July.
This is a developing story until PCE data comes out.
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