Daily digest market movers: DXY up after FOMC Minutes, but CPI will be key
- Market has adjusted expectations for Fed easing with jumbo cuts priced out and 25 bps cuts expected in both November and December.
- Despite strong economic data, markets still price in 125 bps of easing over the next 12 months, indicating that further adjustment is needed.
- Economic momentum remains strong with little expected slowdown into 2025.
- Markets are gearing up for Thursday’s inflation readings from the Consumer Price Index (CPI) for September.
- Moreover, September FOMC Minutes showed no additional insights and confirmed that the Fed will take a gradual approach regarding the pace of easing.
- In that sense, the USD will remain sensible to economic reports and CPI readings.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.