Why — A cooling core PCE print provides the Fed with crucial leeway to avoid a July rate hike, potentially capping the recent surge in Treasury yields and supporting equity valuations.

Why — The capitulation of structural bond bulls signals a regime shift where higher-for-longer growth and fiscal issuance expectations are permanently repricing the long end of the curve.

Why — Physical supply bottlenecks in high-end chips could cap the near-term revenue growth of major AI hardware players, accelerating the ongoing market rotation into non-consensus AI plays.

Why — The persistent hawkishness from voting members suggests that any market expectations for rapid, aggressive rate cuts later this year may be overly optimistic.