Is The Fed Trade Exhausted?

Is The Fed Trade Exhausted?

If the bearish US rates trade was already tired, December's cooler-than-anticipated read on PPI could leave it exhausted. For now. This goes without saying (although I said it anyway), but "cool" is an extremely relative term when it comes to all things "inflation" in the US currently. So, no one should misconstrue the message. The point is just that the market is looking for incremental evidence that the situation is becoming less acute, and even a slight downside miss on December PPI arguably
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