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Powell today at Sintra confirms Fed acknowledging softer inflation, a contrast to FOMC meeting.

VIDEO: The key data release is Friday's June jobs report.  If it is as weak as Goldman expects (50k below consensus), this should lead to a rally in Treasuries boosting an already seasonally strong July for stocks.

Please click below to view our Macro Minute (duration: 3:13).

In the first 2 trading days of July, the S&P 500 is up ~1%. Today's rally was aided by dovish comments by Fed Chair Powell at Sintra (see below) and a reminder t...

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