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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
The US Fed acknowledged that financial conditions and inflation expectations had rebounded faster than they had predicted, and they now expect to increase their presently near-nil policy rates twice in 2023.
Against the commodity-centric loonie, the greenback bounced off the $1.20 downside support area that has held since 2015.
Lumber would need to retrace a further 58% just to return to where it was last June and 70% to return to the $250 range seen near the top of the 2006 US housing bubble.