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Jan Szilagyi, CEO of investment research group Toggle AI, called the reading a "perfect spoiler for Valentine’s Day.
"Markets were expecting (hoping, praying) to get further confirmation that a) peak is in and b) decline is at least steady, if not accelerating," he said. "This is critical for the disinflationary narrative and any hope for fed cuts this year. We got neither."
Read the full article on The Street
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Dec 12
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