Data backs Fed rate cut but 50bp bets are overdone [Video]
|It's been two weeks since I left, and in that time, the markets plunged into chaos. Now that I'm back, things have finally returned to calm waters. In this episode, we talk about the unwind of the yen carry trades, the weakness of the US jobs data and the market’s overreaction to both. We also talk about how inflation numbers are supportive of further rate cuts from the Fed and other major central banks and how these expectations should impact pricing across the FX markets.
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