With Jobs Market Stable, Fed Is Focusing on Inflation Over Rate Cuts
Macro
Federal Reserve officials are signaling their focus has shifted back to combating persistent inflation, deprioritizing rate cuts due to a resilient labor market. This 'higher for longer' stance on interest rates creates headwinds for rate-sensitive assets and supports the US dollar.
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Angle
↓ SHORT-5% target+3% stop4-8 weeks
Short long-duration Treasuries (TLT) as the Fed's hawkish pivot pushes rate cut expectations further out.