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Markets Dodge Bullet With UK Inflation Report
Earlier this week, "stronger-than-expected wage growth bolster[ed] BoE caution." That's an actual headline from a mainstream financial media outlet. Fast forward 24 hours and "weaker-than-expected inflation provide[d] relief for [the] BoE." That's another actual headline, and it was situated right next to the first one on Wednesday.
The juxtaposition was amusing and speaks to the 24-hour news cycle and the ebb and flow of a policy narrative which moves much faster in the media and among STIR tr
