𝐓𝐡𝐞 𝐅𝐞𝐝 𝐉𝐮𝐬𝐭 𝐋𝐞𝐟𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐖𝐢𝐭𝐡 𝐀𝐧𝐨𝐭𝐡𝐞𝐫 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧

The 25bp hike to 3.75%–4.00% wasn’t exactly a shock.

The interesting part is the dot plot.

The Fed’s median projection puts rates at 4.1% by year-end, which keeps another hike in play.

So now the inflation and jobs data matter even more. One hot print and the whole rate-cut narrative gets harder to defend.

BTC, gold, stocks… all of them have to deal with the same macro backdrop.

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