Despite Powell pushing back on December rate cut expectations, more tape action is flagged following Trump/Xi trade comments.
As we tick into '26, can assume markets pay less attention to short-dated forward guidance given Powell's term ends in May. Focus will turn to the incoming chair & traders will focus on just how dovish is the dove...
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Despite Powell pushing back on December rate cut expectations, more tape action is flagged following Trump/Xi trade comments.
As we tick into '26, can assume markets pay less attention to short-dated forward guidance given Powell's term ends in May. Focus will turn to the incoming chair & traders will focus on just how dovish is the dove...