USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base case. The latest US GDP beat expectations by a big margin.The US PCE came mostly in line with expectations with the Core 3-month and 6-month annualised rates falling below the Fed’s 2% target. The US NFP report beat expectations across the board by a big margin.The ISM Manufacturing PMI surprised to the upside with the new orders index, which is considered a leading indicator, jumping back in
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