Markets don’t often get theological, but this week had a very Old Testament feel: the Fed spoke, and the market moved as if receiving scripture. The December rate cut, priced at 80% and climbing like it’s chasing oxygen, has become the single most important macro factor on the board. Everything else, from geopolitics to shutdown-delayed data, is just scenery.
Source: https://www.fxstreet.com/news/france-consumer-confidence-fell-from-previous-90-to-89-in-november-202511250745
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