MBCC TH 14th December'23 - "2 weeks ago Powell said the TOTAL opposite, now lost all credibility, but what did HE really say? The best trade for 2024?"

Dec 1: “It would be premature to … speculate on when policy might ease.”

Dec 13: Rate cuts are something that “begins to come into view” and “clearly is a topic of discussion.”

That says it all…why did Powell flip? What did Yellen tell him? And what is happening behind the scenes…

Also now the trade into 2024 is clearer..