📉 Fed dropped 25bps — but the global narrative is changing fast 🌍
🇺🇸 Powell = cautious
🟢 USD weakens
📉 Yields drop
📈 Cyclicals pop
🧬 Health care rotation fades
🇳🇴 Norway core CPI 3.0%
🇸🇪 Sweden CPI dip = structural surprise?
🇨🇭 US/Swiss tariff tensions → retroactive!
Now watch 🧭:
→ SNB + Turkey CB
→ Norway business survey
→ SEK/NOK risks reopen






