Fed's Miran: I would pencil in 3 rate cuts this year versus 4 before the war

Miran is a joke and is only there to take orders from the White House but even he can't ignore the oil shock and its impact on inflation. So he says he would now pencil in 3 cuts this year compared to 4 previously.That's a sign of which way the wind is blowing and you can see that… Miran is a joke and is only there to take orders from the White House but even he can't ignore the oil shock and its impact on inflation. Miran is a joke and is only there to take orders from the White House but even he can't ignore the oil shock and its impact on inflation. So he says he would now pencil in 3 cuts this year compared to 4 previously. That's a sign of which way the wind is blowing and you can see that in the curve, where the market now sees 10 bps of… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.