USD: Miran’s dovish call fails to move markets – MUFG

💡 DMK Insight

Miran’s push for aggressive rate cuts is getting old, and traders are tuning out. While rate cuts could theoretically boost risk assets, the market’s muted reaction suggests that investors are more focused on inflation trends and economic stability. With the Fed’s next meeting looming, traders should keep an eye on inflation data and employment figures, as these will likely dictate the Fed’s actual policy moves. If inflation remains stubbornly high, the anticipated cuts may not materialize, leading to potential volatility in equities and crypto markets. Watch for key resistance levels in major indices; a break above these could signal renewed bullish sentiment, while failure to hold could trigger sell-offs. The real story here is how the market is pricing in these cuts—if they’re already baked in, any disappointment could lead to sharp corrections across the board.