We expect the Federal Reserve to cut rates by 25bp at the November meeting, which is nearly fully priced in by the markets at the time of writing. US October Jobs Report and Election Date pose significant risks to both sides of current rates outlook. We think the Fed is more likely to change its […]
The post Fed Preview: Navigating Uncertain Waters appeared first on Action Forex.
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…