US inflation data on Thursday The latest Fed minutes sum up th | Forex Trading Experts 📊 HYCM

US inflation data on Thursday
The latest Fed minutes sum up the conundrum for the market nicely when it comes to understanding what the approach to the USD and Fed policy is. The Fed minutes show that no Fed participants see a rate cut appropriate for 2023. However, Fed fund futures expected 2 rate cuts at the start of the year. So, the market is fighting the Fed on the way down. The general rule of thumb is ‘never fight the Fed’.

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