Today we look at why the markets stumbled on the release of last night’s FOMC minutes, which seemed to show lukewarm enthusiasm for yield-curve-control policy. The most interesting reaction may have been in FX, where the USD backed up sharply after the prior tumble. In commodities, copper is gunning at interesting levels while gold continues to consolidate within a wide range
Listen to today’s podcast and have a look at today’s slide deck.
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