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Daily Alert: Comm prices recover a little ground as Fed readies another 75

  • We’ve had another night where the tone in markets has been tentatively positive, earmarked by rising equities and a good night for the pro-cyclical currencies (like NZD)
  • Certainly, Central Bank hawks aren’t blinking, with the Fed’s James Bullard reiterating his resolve in raising rates, while the Fed’s Christopher Waller endorsed another 75bp-er
  • Equities have enjoyed another decent night

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