How many times haz mktFag said they are done raising rates and gave the timeframe for when they were stopping? Lost count
Yer welcome
Thanks for yet another confirmation today
CME FEDWATCH has rate cuts on table as early as May meeting
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Cooler October US CPI raises confidence that Fed hikes done
U.S. consumer prices were unchanged in October amid lower gasoline prices, and underlying inflation showed signs of slowing, supporting views that the Federal Reserve was probably done raising interest rates.
The unchanged reading in the consumer price index reported by the Labor Department's Bureau of Labor Statistics (BLS) on Tuesday followed a 0.4% rise in September. In the 12 months through October, the CPI climbed 3.2% after rising 3.7% in September. Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis.
MARKET REACTION:
STOCKS: U.S. stock index futures extend gains and were last up 1.24%, pointing to a strong open on Wall Street BONDS: U.S. Treasury yields fell, with 2-year note last at 4.872%, and the 10-year note at 4.488%FOREX: The dollar index extended a loss and was off 0.748%
https://www.msn.com/en-us/money/other/cooler-october-us-cpi-raises-confidence-that-fed-hikes-done/ar-AA1jUBKP
Don’t believe what they say. It’s what they do (or don’t in this case) they’ve got 20 total Fed speaking appearances this week alone telling you they aren’t done but they were DONE when the bond markets did it for them (like they always do) in mid September to October.
The markets celebrate what they’ve known for at least a year-that rate cuts coming for the height of election season. Would still watch for the Sov US Debt holders to sneak some smaller sales in for the end of the year print-not like in Sept/Oct but they (especially Japan may sneak some in to try and get muh yen a little lower (moar valuable) to start off next year as it is still pegged to 150 after making a run at 152 earlier today look at that dump…no intervention there…kek
https://www.cnbc.com/us-markets/
https://tradingeconomics.com/japan/currency