AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index-Total Return

Since Powell shocked the world with an unexpectedly hawkish speech last week, the market has been struggling to guess just how much worse a tighter Fed is going to be for the economy.

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As the jobs data came in upbeat, speculations of a resilient labor market and the possibility of a super-hawkish Fed strengthened in the later part of last week.

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