Ray Dalio loves China so eff him.
You've got a good take though. I'll believe a pivot when I see it. Dot plot has fed funds rate anywhere from 4-4.5% by the end of the year. Not gonna be 75 bps a clip anyhow according to the plan. But yea, CPI and PCE again at the end of the month will set the course. Lotta whackos out there reading tea leaves. Stay safe out there.