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...if you look closer, the near-term (next 3 months) is actually seen as more aggressive than back in October
Perhaps that reflects higher for longer
But, a pivot is seen, but it is very far out
Since it's very far out, there is a lot of wiggle room if markets are wrong
Here's a cool chart to help you understand why November was the worst month for the US Dollar (-5.11%) since September 2010
Between the end of October and today, the markets basically priced in AT LEAST 75-basis points of easing (and some) over the next 2 years https://t.co/32VEXbIHbU
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