Market Prices In More Aggressive Fed And Is More Confident Of Rate Cuts By End-2023

Jul. 14, 2022 8:00 AM ETFXA, FXC, CYB, EROTF, ULE, EUO, FXE, FXY, JYNFF, YCL, YCS, FXB, GBBEF, UUP, USDU, UDN2 Comments
Marc Chandler profile picture
Marc Chandler
15.4K Followers

Summary

  • The exchange rate is the main channel of monetary policy.
  • Banning the insurers but not capping the price of Russian oil would likely lead to a surge in oil prices.
  • Fiscal policy is not getting the attention we think it should.

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Overview: The higher-than-expected US CPI and the strong expectation of a 100 bp hike by the Fed in two weeks is propelling the dollar higher. It jumped to almost JPY139.40 and the euro is off more than a cent from

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Marc Chandler profile picture
15.4K Followers
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense

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