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BeiChen Lin, a strategist at Russell Investments, expects the Federal Reserve to October pause rate hikes and December raise rates again, warning that stronger-than-expected inflation could change the market's assessment.
The Bank of Korea Governor stated that there is currently no need to cut interest rates, and the impact of the AI AI boom on the neutral rate remains to be seen. Inflation is forecast at 2.2%this year and is expected to decline next year, while the Korean won may appreciate further.
Bank of Korea Governor Shin Hyun-song said that the inflation trend is the most important consideration in monetary policy decisions, emphasizing the pressure high interest rates place on low-income groups, vulnerable borrowers, businesses, and households.
A Telegram channel posted a message saying that the latest FOMC meeting minutes have been published, covering the rate-hike path for the final 3 months of the year.
Nick Timiraos said Jefferson hinted that Fed officials may need more time to assess the data, economic outlook, and balance of risks before deciding whether to raise rates again.
Fed Vice Chair for Supervision Bowman said officials should first observe economic trends and the impact of September rate hikes before deciding whether to further adjust policy. She also noted that inflation remains above target.