by 75 basis points for the third time in a row at the conclusion of its September policy meeting. Instead, CME Fed funds futures now predict a smaller 50 bp rate hike by nearly two to one.Meanwhile, Fed officials spoke after the inflation data this week. For instance, following yesterday's CPI, Neel Kashkari unleashed his inner hawk and said the July CPI data did not change his expected rate path, though he was happy to see inflation surprise to the downside.
''We are likely to continue seeing violent moves in the markets in the coming weeks as markets continue to struggle to find a stable and sustainable macro outlook to trade on. Analysts at TD Securities argued that the recent downside miss of US core inflation underscores that we have likely seen the peak of inflation and perhaps the stagflation concerns. Even so, however, they ''don't think that risk assets are out of the woods yet, suggesting it could a bit more time to expect a persistent, positive boost in growth expectations and financial conditions.
fx_ross
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCDFW - 🏆 288. / 63 Read more »