MARKET DAILY

Market 02/12: S&P 500 hits new high, December CPI revised slightly lower

Bitcoin surges past 49,000 USD, highest in 2 years. 3-year inflation expectations lowest in 11 years.

Bowman (Fed)

Interest rate policy on the right track - but rate cuts not an appropriate option in the near future.

Too early to decide when and how much to cut interest rates due to many risks remaining in the inflation fight.

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