Timiraos: Fed 'barreling toward’ a 75 bps hike in November

WSJ Fedwatcher Nick Timiraos posts the latest and says: „Federal Reserve officials target another 0.75 percentage point rate hike” and whether to announce a smaller rate cut in December. He highlights the divide at the Federal Reserve, with some looking to slow growth and others worried that inflation won’t fall. „Fed policymakers face several decisions. First, will they raise interest rates in December by half the rate? And if so, how will they explain to the public that they are not backing down in their fight to prevent inflation Inflation Inflation is set as a quantitative measure by which the average price of goods and services in an economy or country rises above …Read this term root?” Market price is 93% for 75 bps move and rest 100 bps. But the market has started to read the report as it highlights the possibility of a slowdown later. USD came back and it shows: USD Long items are full of business Timirao is very reliable in the market But the article is not a signal for me. It highlights the Fed’s allocations and the information that officials need before making a decision at the December FOMC. The content of the article is also less brazen than some of its headlines. Is it also possible that the BOJ tried to burn USD/JPY at the same time?

Michael Cooper

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