Week Ahead: US CPI to Begin Sharper Deacceleration through H1 23

After selling off sharply in the past four months, the dollar rebounded. Since the FOMC meeting on February 1, it has enjoyed one of the strongest bounces since it topped out in late September/early October. The incredible US jobs data, sharp bounce in the January services ISM, speculation of BOJ Governor Kuroda’s successor, and some easing of the euphoria over China’s re-opening have been notable drivers. The dramatic rise in the US two-year note illustrates the adjustment. The yield rose from the lower end of its range that goes back to the middle of last September (~4.0%) to the upper end near 4.50%. Market

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http://www.marctomarket.com/2023/02/week-ahead-us-cpi-to-begin-sharper.html