And the survey says:
“The end of this Fed monetary policy cycle is near
As the Fed weighs whether a pause is warranted, the Fed survey finds that whatever the FOMC does this week, the central bank is nearing the end of its interest rate hiking cycle.
The peak rate will still reach over 5% (5.2%, according to the survey), but 86% of respondents think the Fed will start cutting rates, or at least pause, by its July meeting. This expectation is a little more hawkish than the Fed futures market, which is pricing in a peak rate of 4.93%, and expects rates to begin a retreat in October and be down by almost 70 basis points by the end of the year.”
“Tense situation as the Azerbaijani Ministry of Defense released the footage of a Russian Peacekeeping BTR-82A armoured personnel carrier entering the Karabakh region via Armenia using an alternative route with 3 Armenian URAL military trucks and a KamAZ fuel truck.”
https://twitter.com/Caucasuswar/status/1638199002943422466
“Armenia’s military and political leadership is fully responsible for the tension that may arise in the region.
-Ministry of Defense of Azerbaijan”
https://twitter.com/Caucasuswar/status/1638196208895180800
“Accumulation of Armenian troops in the Karabakh region as armed units are entering the Lachin corridor through Armenia. The Azerbaijani Ministry of Defense is infuriated against the Russian Peacekeepers as a Russian patrol vehicle is seen passing by the reinforcement/regroupment.”
https://twitter.com/Caucasuswar/status/1638194995353079809