"The U.S. Federal Reserve on Wednesday will kick off what is poised to be a pivotal week, followed by a “Super Thursday” when the European Central Bank, Bank of England and others will meet.
Investors will be searching for clues in the banks’ statements on when rate cutting could start next year as inflation continues to fall away from its highest level in decades.
“There’s two different dynamics at play: what the market is telling you, and what Federal Reserve Chairman Powell is telling you,” said David Neuhauser, CIO of Livermore Partners hedge fund."
www.cnbc.com
Those of us who invest will find this of much interest.
A hike in the fed rate will come close to dooming Biden's election chances, while a cut would give a good boost.
Investors will be searching for clues in the banks’ statements on when rate cutting could start next year as inflation continues to fall away from its highest level in decades.
“There’s two different dynamics at play: what the market is telling you, and what Federal Reserve Chairman Powell is telling you,” said David Neuhauser, CIO of Livermore Partners hedge fund."
A crunch week for central banks will put rate-cut expectations to the test
Major central banks are set to make their final rate decisions of the year in a pivotal week that will test market bets for early interest rate cuts in 2024.
Those of us who invest will find this of much interest.
A hike in the fed rate will come close to dooming Biden's election chances, while a cut would give a good boost.
