It's not exactly dovish, but for several reasons, the markets have started to price in the first rate cut in September. This is optimism for now, but I'm skeptical about it, it can dissipate very quickly. Let's say they've found a reason to probe the bears' stop-losses. Bears, be careful, now they've decided to come after you... Now the likelihood of going back above 60 is high.
TRADERS PRICE IN SEPTEMBER AS LIKELY TIMING FOR FIRST FED RATE CUT
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