- Scope for significant Fed policy easing – ING
Market news
14 November 2023
Scope for significant Fed policy easing – ING
US October CPI was lower than expected and inflation could hit 2% by mid-2024, in the view of economists at ING.
Inflation pressures are subsiding
US consumer price inflation slowed more than expected in October.
Higher borrowing costs will increasingly weigh on activity and corporate pricing power while slowing housing rents will be the main driver of disinflation over the next two quarters.
With 2% inflation looking possible by next summer the pricing of rate cuts will intensify.
See – Fed: No further hikes – Commerzbank
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page