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Powell to Speak on Interest Rates and the Economy. Look for Clues About the Fed's Next Rate Decision
Is it stable? The probability of the Federal Reserve lowering interest rates next month has reached 80%.
① Last night, the completely market-expected usa October CPI data did not cause much of a stir in the market; ② However, the data performance still boosted market confidence in the Fed's interest rate cut next month, and stimulated a rebound in short-term US government bonds.
US Inflation Holds Steady, Fed Faces Challenges Ahead
11/14 [Strength and Weakness Materials]
[Bullish/Bearish Factors] Bullish Factors: • Dow Jones Industrial Average is rising (43,958.19, +47.21) • 1 dollar = 155.40-50 yen • Chicago Nikkei Futures are rising (38,970, +320) • VIX index is decreasing (14.02, -0.69) • US crude oil futures are rising (68.43, +0.31) • Active share buyback • Request for corporate value improvement by TSE Bearish Factors: • Nikkei Average is falling (38,721.66, -654.43) • Nasdaq Composite Index is falling (19,230.73, -50.68)
Is the continued interest rate cut stable in December? Federal Reserve officials say inflation is moving in the right direction.
Minneapolis Federal Reserve President Kashkari expressed confidence in the direction of inflation shortly after the CPI was announced, saying that it is moving in the right direction and that more time is needed to analyze the data. Dallas Federal Reserve President Logan stated that more rate cuts are likely in the future, but it is best to proceed with caution due to the risks of inflation caused by demand and geopolitical factors. It is said that she prefers to slow down rate cuts sooner rather than later. St. Louis Federal Reserve President Mester mentioned that if inflation continues to decline, rate cuts should be gradual, and monetary policy should remain "slightly restrictive." Kansas City Federal Reserve President Schmid stated that it is uncertain how much rate cuts will be needed in the future.
Americans Fall Further Behind on Debts, New York Fed Finds
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