Chicago PMI Surprises, Shifts Rate Hike Expectations
• Chicago PMI data catches currency market by surprise, forces reevaluation of Fed expectations • Data reinforces outlook for higher, longer Fed policy rate trajectory • Yield differentials shifting back in favor of the US dollar • Information has not been prepared in accordance with legal standards for investment research independence • LMAX Group not liable for third party comments or claims; does not provide guarantees about reliability of sources