Equities reacted negatively post Powell, but the key to us remains inflation. As near-term headline risks loom, history suggests market could rally in 4Q.

We discuss: How markets took FOMC hawkish last week, but we think the key is still inflation, which is on a glidepath lower. Historical study suggests stocks could perform well in Q4 based on price action this year.

Please click below to view today’s Macro Minute (Duration: 9:06).

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Last week was a central bank-intensive week, with policy decisions coming from major central banks in...

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