Inflation and What Truly Worries the Fed

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When the Federal Reserve announcement meant that inflation is likely to rise at the Jackson Hole Symposium last Thursday, there was little reaction from the market.
For example: although popping above 1.19, the EURUSD did not have the strength to continue higher. Instead, the U.S. equities made new highs, enjoying the new framework.

Fed Launching the AIT
For many market participants, the Fed’s decision to let inflation overshoot its target comes as a reaction to…

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