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Archives for June 2023
Halfway through the month of June, and it’s certainly been an interesting month in the markets. We’ve seen a strong rally to start the month, followed by solid inflation data, and the Fed pausing rate hikes BUT signaling more could be coming later this year. A lot for everybody to process!
Here’s what I’ve been reading this morning:
As I mentioned yesterday, this morning we got the CPI readings from May 2023. Things came in pretty much as expected, so now the expectations shift to the Fed. Most people assume they will pause the rate hikes, but does that mean they’re done for good?