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Week Ahead: US CPI, China Returns, RBNZ to Cut 50 bp?
There were several developments last week that shape the investment climate. First, the September US employment report was stronger than expected and this reinforces the message from Fed Chair Powell. After initiating the easing cycle with 50 bp cut, the central bank is not in a rush and two quarter-point cuts in Q4 is most likely scenario. Once again, the market has converged to the Fed rather than the other way around. Second, the new Japanese government and the Bank of Japan are cautious about near-term rate hikes. The market has pushed the next move into 2025. Third, the eurozone's preliminary September CPI fell ... (full story)
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From cnbc.com|Oct 5, 2024|1 commentSeptember’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to a soft landing. If that sounds ...
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