-MSCI's global equities index edged lower and the dollar slipped with Treasury yields on Wednesday as investors digested the latest economic data and the potential impact of policies from the incoming U.S. administration, including tariff threats.
"This was no earth-shattering news for the markets. We all expected that inflation would pop up a little bit, but inflation is not getting out of hand. And that's the key,” said Peter Cardillo, chief market economist at Spartan Capital Securities."This paves the way for a 25 basis point cut in December and then probably a pause."
Wednesday's market moves were likely magnified by lower liquidity as investors turned their focus to Thursday's U.S. Thanksgiving holiday, according to Alex Atanasiu, portfolio manager at Glenmede Investment Management. Thursday's market close will be followed by a shorter trading day on Friday.
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