We are starting to see expectations for Fed rate cuts be kicked down the road
- Strong retail spending sales overnight saw the expectations for the Fed rate cut in March to be dropped to a 50% chance of a cut.
- Plus are seeing Fed speakers also say the Fed still needs to be cautionary
- I think that's because SOME inflation is creeping up – Plus we do have strong US eco news - Retails sales and Fed'beige book (another eco read)...