The Fed meets today on policy. Here's the pre-FOMC market view.
Source: Mish Talk
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DW NOTE
The Fed meets with markets pricing two hikes and inflation running at 3.5% CPI, 5.5% PPI — both well above target. Kevin Warsh, if appointed, has spent fifteen years arguing the Fed accommodated too long after 2008. He won't accommodate now.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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