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TD Securities: Data Now Guiding Central Bank Rate Paths
Pooja Kumra, Senior European and UK Rates Strategist at TD Securities, discussed the recent comments from Federal Reserve official Kevin Warsh and their implications for market expectations. Kumra noted that while Warsh acknowledged easing inflation and narrowing inflation expectations, his remarks were less hawkish than those from the June Fed meeting. She highlighted the absence of forward rate guidance from the Fed and other central banks, emphasizing that market data and conditions will now…
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