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Conf Board HWOL shows job openings fall in August, leads JOLTS by 3 weeks. Cum. inflation since 2020 is 7% above trend, compared to +75% when Volcker took helm = no need to go full "Volck-an"

Entire rise in June Fed funds has been reversed post Sept FOMC surge

Stocks have declined consecutively for the past 6 trading days, reflecting financial markets adjusting to a "higher for longer" Fed. Take a look at the expected Fed Funds by June 2023 (implied using futures).

pre-Sept FOMC, June 2023 Fed funds expected 4.536%in days post-FOMC, this surged to 4.841% (implying a terminal rate above Fed dot plots)in past two days, this figure dropped by to 4.559%, a round tripthis figure is still ~...

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