Stocks, Bonds, & Gold Surge As Rate-Hike Odds Tumble After CPI Decline
Tyler Durden
Thu, 01/12/2023 - 09:11
Despite soaring Services inflation, rate-hike expectations are falling after the headline and core CPI print as expected...
And after an initially disappointing drop, US equities are spiking higher...
Update - Stocks reversing now...
Treasury yields are tumbling...
Dollar weakness is accelerating...
And gold topped $1900...
Cue the hawkish FedSpeak to jawbone financial conditions back from Jackson Hole lows...
Is this the "unwarranted" easing The Fed warned about?