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US: The worst combination of sticky inflation and slower growth
We've written a lot about the downturn in the housing market posing major risks for US economic activity, but the August personal income and spending report suggests the weakness is already broadening. With inflation pressures remaining intense we see the Fed hiking another 75bp in November, implying more economic pain to come. Inflation ticks higher than expected: In terms of today's US data flow, the Federal Reserve's favoured measure of inflation has come in higher than expected, which will keep the hawkish comments coming from Fed officials and reinforce expectations of a fourth consecutive 75bp interest rate ... (full story)
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From corporate.nordea.com|Sep 30, 2022Market moves have become even more violent, as markets have been faced with fiscal and monetary policies moving rapidly in opposite directions. Bond yields could rise a bit ...
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From bnnbloomberg.ca|Sep 30, 2022|4 commentsThe pound will need to keep sliding to be worth just one dollar to attract Europe’s biggest asset manager to start buying it. Amundi, which manages about $2 trillion in assets, is ...
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From @sevenloI|Sep 30, 2022tweet at 2:00pm: FED'S BARKIN: AT THIS POINT RISK OF INFLATION FESTERING FEELS BIGGER THAN THAT OF FED DOING TOO MUCH tweet at 2:00pm: FED'S BARKIN: LATEST PCE DATA CONSISTENT WITH "BROAD BASED AND PERSISTENT" INFLATION STILL FED'S BARKIN: MOST RECENT CONSUMPTION DATA "OKAY," BUT MAY SHOW DEMAND WEAKENING FED'S BARKIN: RESERVING JUDGEMENT ON SIZE OF NOVEMBER RATE INCREASE TO SEE FURTHER DATA tweet at 2:03pm: FED'S BARKIN: I'M LOOKING FOR SIGNS OF WEAKENING DEMAND TO SIGNAL A TURN IN INFLATION.
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From cnbc.com|Sep 30, 2022|1 commentStocks fell in choppy trading Friday as Wall Street closed out a terrible week, month and quarter that brought the S&P 500 to a new 2022 low. The Dow Jones Industrial Average ...
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From marketpulse.com|Oct 1, 2022It remains all about the Fed as it continues down an aggressive tightening path. Wall Street will now fixated on how quick this economy is going to weaken. A weakening consumer ...
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- Posted: Sep 30, 2022 3:55pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,849
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