bibibiLoading…
Connect scattered updates into a story you can understand.
Former Dallas Fed President Robert Kaplan said market pricing for subsequent Federal Reserve rate hikes has exceeded the dot plot guidance; he believes a pause in October may be appropriate, while another hike in December could be reasonable.
Jeff Schulze, Chief Investment Strategist at Franklin Templeton, said that U.S. equities have recently performed moderately and may continue moving higher in the seasonally strong fourth quarter.
The report says Trump again advocated reducing U.S. interest rates to 1% or lower, while the Federal Reserve reportedly raised its target rate range due to inflation risks.
CME’s “FedWatch” shows that the market-implied probability of a 25-basis-point Fed rate hike in October has risen to 54.2%, slightly above the 45.8% probability of leaving rates unchanged.
BNY Mellon strategist John Velis expects the Federal Reserve to raise rates once more in December, but said the 2027 policy path depends on inflation, the situation in the Middle East, and changes in oil prices.
