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Markets Have Bought The Fed’s ‘Transitory’ Narrative Hook, Line And Sinker

Markets Have Bought The Fed's 'Transitory' Narrative Hook, Line And Sinker

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April’s inflation figures came in hotter than expected and there are plenty of signs suggesting tomorrow’s report on May CPI will only add to that trend. As a result, you might think that markets may begin to price in an inflationary consensus. You would be wrong.

...read full article on Seeking Alpha

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