Ronald Simpson Quotes
The core print was pretty much as expected, while the headline is just a touch firmer than expectations... It keeps the Fed expectations on track for a hike at their next meeting and the meeting after that.
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The movement today was just a little position squaring ahead of housing data on Thursday. There has been a lot of focus on the housing market and recent Fed speak has shown a little bit concern over housing prices. The market is going to be sensitive to the data.
- Ronald Simpson
