Now They’ll Be More Dovish: Goldman Tweaks Fed Outlook After CPI Miss

“We now expect the FOMC statement to include a stronger acknowledgement of the recent soft inflation data, and our expectations for the Summary of Economic Projections have become incrementally more dovish.”


Guest Post: Another FU?

“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”


Right, so put on your hedges folks, we’re heading into a risky weekend. As you’re acutely aware (and acutely tired of hearing about) the first round of the hotly contested French elections is Sunday and as outlined this morning by one former trader, the implications are “big league.” We got a terrorist attack on Thursday at…