A hotter than expected payrolls print and re-acceleration in wage growth are not the recipe for a dovish Fed that so many had banked on in the last two months of 2023.
And so , the rate-cut hype is eviscerated.
March odds plunged...
And 2024 expectations are tanking...
Stocks tumbled...
Bond yields spiked...
And gold dropped (as the dollar rallied)...
Did goldilocks just die?
