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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For more information please contact Rubrics Asset Management. info@rubricsam.com.