The US Trade Weighted Broad Dollar Index just hit an all-time high!
Meanwhile, President Trump keeps needling Powell and The Fed to lower interest rates, but Trump can’t seem to make Powell his.
Meanwhile. Powell’s Jackson Hole speech is helping to push down the 2-year Treasury yield.
The 10Y-3M Treasury curve slope fell to -43 basis point on the China/Fed (Ched?) fistfight.
And the Treasury/Swap curves remain … Ched’d?
Meanwhile, Powell and Fed Fans are in Jackson Hole Wyoming doing “Talk, talk.”