Thursday’s round of hotter US inflation data hasn’t done much to shake things up, with the US Dollar and US equities relatively stable all things considered.
Thursday’s round of hotter US inflation data hasn’t done much to shake things up, with the US Dollar and US equities relatively stable all things considered. We believe this has a lot to do with the fact that the market had already repriced expectations for a less aggressive 25-basis point rate cut from the Fed at the November meeting, given last week’s US jobs report.
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