FOMC

Were so gallantly streamingover Fort McHenry. For context prior to Fridays CPI release Wall Street only discounted a 50 basis points hike for the June FOMC meeting but now wagers for a 75 bps adjustment are increasing.

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The SP 500 continues to push higher following yesterdays release of FOMC minutes as traders continue to bet on a potential pause of Fed rate hikes later in the year. Say can you see.

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