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Daily Alert: We don't talk about Bullard

  • Markets closed out last week with risk sentiment very much on the backfoot, capping a period of headline-driven jitters
  • The divide among Fed policymakers over the speed of its first-rate hikes of the cycle is one big source of angst
  • For now, markets are punting that the Fed will hew to the more cautious path of hikes, with US pricing paring back closer to a single hike

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