JPMorgan's Fitzsimmons on Fed Policies

The transcript discusses the Federal Reserve's rate hikes, market expectations, and potential future cuts. It highlights the market's skepticism about rate cuts in 2023 and the impact of CPI and energy prices. The analysis extends to the treasury curve, currency trends, and global economic outlook, with a focus on the dollar, euro, and sterling. The Reserve Bank of Australia's rate projections and economic implications are also covered, emphasizing the need for nimble market strategies.

How does the text describe the market's reaction to the July CPI number?

What is the expected action of the RB regarding interest rates in the upcoming months?

What are the long-term expectations for Australia's terms of trade according to the text?