MBCC TH 2nd May'24 - "What did Powell say and what does it mean for Bonds/Dollar/FX - their hands are tied...so this is what will happen next to Commodities!"

A lot was said, but a lot more *ahem* *cough* *cough* throat clearing was done, which typically means Powell was much more nervous than usual, and we dont blame him!

As the data is turning more stagflationary, even though Powell denies it (which means that he is scared as hell!), this is what the Fed will do wrt the Dollar and Bonds..

Sign up…to see what our cross asset models are saying about actual physical market demand signals and what macro is suggesting - there is a gap! Look at Oil!