Source and data: Institute for Self Reliance
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Interactive Advisors
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Possible Fed policy shift may be weighing on the minds of investors
The tactical USD view moved from neutral to negative as a dovish Fed pivot pressured the currency. Softer labor data and rising expectations of a December rate cut halted the earlier USD recovery and kept it rangebound.
There’s little slack in industrial capacity and wages are rising
Mario Draghi’s comments are lifting risk-on markets globally, helping to stem the risk of a death cross for the S&P 500.