USD/TRY

The U.S. Federal Reserve’s latest economic projections suggest policymakers are increasingly confident the U.S. economy could achieve a soft landing in 2024. However, we see several macroeconomic risks that could challenge that outlook. With growing economic and political headwinds this fall, as well as still-sticky inflation trends, we believe the outlook ...

A central bank smorgasbord started the day off with a bang of confusing cross-currents (SNB/BOE unch; Riksbank/Norges hiked and hawkisher; and Turkey hiked in line) - all sending the dollar higher further. Domestically, just as much confusion: a hot labor market (claims plunging), and inflation fears rising (Philly Fed prices paid), along with housing ...