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Wham Bam Thursday, Fed Hammer, Currency Warriors, Tradeable Bottom Near?

Wham Bam Thursday, Fed Hammer, Currency Warriors, Tradeable Bottom Near?

On Thursday, Treasury yields worked their way higher. This time the culprit was some macroeconomic data that in isolation is not altogether that meaningful, but as part of the grand mosaic of numbers that we study supports the idea that the Fed must remain overtly hawkish going forward. Then there was the revised second-quarter quarterly data concerning inflation that printed alongside the Bureau of Economic Analysis' final revision to its GDP estimate for the same quarter.