Flash: tapered cross Wires? -BBH

FXstreet.com (Barcelona)-Marc Chandler, global head of currency strategy at Brown Brothers Harriman notes that many observers seem to think there is a direct line between these stronger economic relations and Fed thins.

Key quotes

"We are not so optimistic. The case against December thins had three ACEs ".

"Of course, the clarification of the tax situation removes one of the planks. However, the other two boards are even more important. The first is that inflation is very low. The core PCE deflator, the Fed's preferred measure, is now less than several months ago, when the FOMC updated concern about disinflation. "

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