15th November 2023
- US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes
o Consumer price index stalled in October; core metric rose 0.2%
o Traders pull forward timing of when Fed will first cut rates
https://blinks.bloomberg.com/news/stories/S44A3AT1UM0W - Rate-Cut Euphoria Puts Global Bonds on Course to Erase 2023 Loss
o Bloomberg Global Agg Index jumped most since March on Tuesday
o Some cuts priced in for next year may be premature: Fidelity
https://blinks.bloomberg.com/news/stories/S450HDT0AFB4 - Seismic Day for Treasuries Fuels Bets Fed to Slash Rates in 2024
o Wagers on another Fed rate increase abandoned after CPI report
o Expected timing of first rate cut shifts to June from July
https://blinks.bloomberg.com/news/stories/S44TDET1UM0W - Dollar Tumbles Most in a Year as Traders Bet on End of US Hikes
o Currency falls as yields tumble, rate-cut bets moved up
o Easing consumer-price inflation spurs reset across markets
https://blinks.bloomberg.com/news/stories/S450XET1UM0W
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