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What Our Clients Are Talking About Behind the Scenes

Flash — I am going to keep my note short and just address yesterday’s CPI release. I will likely post a follow-up after the FOMC meeting. 

So, Tuesday was the big December CPI release that the market was anxiously anticipating, looking to get important clues regarding what Chair Powell and Gang may do the next day at the FOMC meeting, the minutes, the “DOTS,” and his press conference. 

As the equity market spiked up just after the CPI was announced, I got several messages from cl...

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