Not tradable on the basis of 1- timing and or 2- Frequency. There’s nothing saying it HAS TO BE 3 cuts of 25 bps. It could come as a combination of…
Time for the financial press and those calling for financial armagedon to tap the breaks and give yesterdays CPI some perspective. The YOY number actually dropped sowing signs of annual improvement. The MOM numbers missed expectations by 0.1 otherwise known as a rounding error OR like previously mentioned maybe expectations were just too low…..
This number alone is not enough to send equities into a tailspin or the USD to the moon. IMO I see it as a range trade 1.0650-1.0750 until next NFP with some bias towards relative weakness in the CHF and JPY….