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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