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SEB: Markets seem to be maintaining expectations of a 25bp Fed rate cut next month

SEB: Markets seem to be maintaining expectations of a 25bp Fed rate cut next month

Bitget2024/10/11 07:48

According to Golden Ten Data, Sweden's Nordea Sinan Bank said that the U.S. stock market was a bit volatile yesterday, with the SP 500 closing at 0.2% and the Nasdaq at 0.1%. U.S. CPI for September came in slightly higher than expected, but for the Fed's outlook, the CPI was offset by the fact that initial jobless claims also rose sharply to 258,000, the highest level in more than a year. Comments from the Fed's Williams, Goolsbee and Balkin implied that they saw this as negligible inflation data, while Bostic said in an interview that he would consider not cutting rates at one of his two remaining meetings this year. Still, markets seem fairly confident that the Fed will cut rates by 25 basis points at next month's meeting, as usual.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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