12th September 2024

  • Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut

August core CPI rose 0.3%, above forecast and led by shelter

Traders see near-zero odds of a half-point rate cut next week

https://blinks.bloomberg.com/news/stories/SJNGE2DWX2PS

  • Bond Market’s Bet on a Half-Point Fed Cut This Month Is Over

Traders cement bet on only a quarter-point rate cut after CPI

Citi economists change forecast for Fed easing after the data

https://blinks.bloomberg.com/news/stories/SJNYULT0AFB4

  • ECB to Cut Rates But Stay Guarded on Path Beyond: Decision Guide

All economists predict 25bps reduction in deposit rate to 3.5%

Officials facing sticky domestic inflation and weaker economy

https://blinks.bloomberg.com/news/stories/SJLI40DWX2PS

  • Morgan Stanley Sees Euro Sliding 7% on Risk of Big ECB Cuts (1)

US bank’s FX strategy head forecasts euro-dollar near parity

Says growing political risk, economic weakness will drive move

https://blinks.bloomberg.com/news/stories/SJLE6ET0AFB4

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