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Central Bank Double-Header Could Yield Surprises

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See also:
• Underlying Inflation Stays Hot, Yet Rate Cut Odds Stay Hotter
• Mortgage Tidbits (below).

Tuesday's inflation data was quickly shelved as traders prepared for whatever cryptic pronouncements the BoC and Fed might deliver come Wednesday's press circus. We all share essentially the same data as central bankers, so surprises should be limited. Nevertheless, one sideways comment can still move yields double digits.

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