—and folks still see Fed rake hikes? OK, I know we got regionals talking about ‘em but imho it’s just looking less and less likely for this year.
The fed is almost de facto raising relative to the ROW
BTW one of the research firms we use did a survey of clients and 51% said the fed would hike in the September meeting. I said December and my reason was “just because the need to show they will.” :-)