1st November 2021

  • U.S. Short-Term Rates Traders Boost Bets on June Fed Hike

Swaps market prices in 87% chance of tightening by mid-year

Cycle seen ending well before Fed’s own forecasts say it will

https://blinks.bloomberg.com/news/stories/R1QTJQDWLU6J

  • Powell Risks Rerun of 1960s Inflation From Confusing Jobs Market

Fed expected to announce plan to taper bond buying this week

Powell recognizes inflation risk, yet remains patient on rates

https://blinks.bloomberg.com/news/stories/R1P0LIDWRGG0

  • U.S. Personal Spending, Prices Rise in Line With Forecasts

Nominal spending rises 0.6% in September, real outlays up 0.3%

End of federal jobless benefits drives incomes down 1%

https://blinks.bloomberg.com/news/stories/R1QOLCDWX2QM

  • Oil Pares Drop as OPEC+ May Spurn Biden’s Appeal on Production

Cartel is set to meet on Thursday to review its output policy

China says it will release diesel, gasoline to ease shortages

https://blinks.bloomberg.com/news/stories/R1VPNTDWRGG0

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