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Bit_Danu
soon as Waller spoke at Jackson Hole, the market's September script was overturned.
Waller's remarks at Jackson Hole pierced the market consensus of "status quo in September."
The core message is twofold: inflation remains above 2%, and financial conditions have not reached restrictive levels. Translated, this means interest rates should not only not be cut but there is even room for further tightening.
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