6th October 2022
- Bostic Sees Fed Rate Rising Up to 4.5% and No Quick Turn in 2023
Bostic says ‘not so fast’ on market expectations of rate cuts
He says central bank is ‘not out of the inflationary woods’
https://blinks.bloomberg.com/news/stories/RJAOVWT1UM0W
- Fed’s Bostic-Daly Double Team Fails to Quash 2023 Rate Cut Bets
Eurodollar futures still pricing in at least one cut next year
A US recession would lead to policy reversal, RBC’s Ong says
https://blinks.bloomberg.com/news/stories/RJBFHAT1UM0W
- World Currency Reserves Shrink by $1 Trillion in Record Drawdown
Central banks dip into reserves to defend their currencies
Investor calls falling reserves ‘the canary in the coal mine’
https://blinks.bloomberg.com/news/stories/RJB4B8T0AFB4
- IMF Sees Low Risk of Global Wage-Price Spiral Due to Rate Hikes
Sector-based inflation, falling real wages help anchor views
Economists analyzed 22 scenarios; none resulted in spirals
https://blinks.bloomberg.com/news/stories/RJ8MVJT0AFB9
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