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@ supermass
2025-05-04 22:16:49
Sunday Night Macro,
tonight our 30-year fixed mortgage average.
super sticky up near 7%.
Trump says “too late” Powell needs to cut but the market says he won’t.
Who (or what) breaks first?
My take: Tariff uncertainty breaks to the upside, markets resolve higher, yields lower.
The Fed will be sitting tight until prompted by summer unemployment and inflation data.
https://blossom.primal.net/cc3d9f65aa04cc42c87f4f446625d50755ecc118a7f869314e7d36a5a701a363.jpg
https://blossom.primal.net/877cbb8e9fe4571194a26017dd7402f3e51aaee5f2a6bde266c4b8bb71212aa0.jpg