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MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?

Market Maker

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The Fed Overshoots Interest Rate Expectations

The probability of the Fed overshooting now is increasing. History obviously tells us that the Fed do overshoot with these things in terms of they generally start hiking too late, they stop hiking too late. It's all just too late. But yeah, no, look, we've got payrolls is literally about to drop as we're speaking. Yeah, what's the cost for that? So I'll bring that to you as it drops. Sure. Okay. Maybe we could just have a quick pivot and then I can bring in as the data comes and chew over it while we just kind of take this conversation across the pond. Well, it's pretty similar situation. It's worse

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