Stocks Soar As Strong Data Batters Bonds & Bullion, Sparks Hawkish Shift In Rate-Hike Odds
June 27, 2023 at 16:00 PM EDT
Strong housing data today is bad news for The Fed – and the market’s ‘pause-hopers’ – as it threatens to re-ignite the Owners Equivalent Rent segment of CPI (which has rolled over and is helping with the recent trend of disinflation). For context, the housing macro data is seeing the biggest serial upside surprises since […] Source
