Comment / 'Damage, no damage'

ID 15923988 © Sergey Novikov | Dreamstime.com

Seen it all before?

Well, yes!

Where?

Hold on a sec.

Yesterday’s economic data out of America was a healthy reminder that… “hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we’re not quite there yet’”, CNBC wrote.

And as we did in the recent past, monitoring closely the extent of the damage on the day of any value-moving announcement, ahead of regular trade US Treasury yields surged yesterday… uh-oh…

… and obviously, all main US equity index futures fell… indeed… seen ...