Total Assets
Traded ValueCPI came in hotter than expected on both headline and core, and October hike odds jumped from around 22% to over 50% on the print, so the "hike anyway" call is looking better this morning than it did yesterday. BlackRock's Treasury pivot is still the interesting counterpoint though, they're betting the market overreacted on hike expectations, which cuts against the sticky-inflation read.
Next FOMC on the 28th should settle it... will be a jittery period. =)
Cheers, Iggy 🦖
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