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NotoriousJDO t1_iu4pz0p wrote

It's starting to feel like we going to see another 75 bps rate hike but they will say that things are looking better for the future than they were last month. Pivot early next year.

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agilmore1080 OP t1_iu4rojh wrote

But how much better are they actually looking? This is from a Reuter's article, "U.S. Treasury yields rose on Friday after data showed underlying inflation pressures remain elevated and suggested the Federal Reserve will keep its aggressive interest rate hiking campaign. The personal consumption expenditures price index rose 6.2% in the 12 months through September to match the prior month's rise. The core PCE price index, which excludes food and energy, advanced 5.1% annually after increasing 4.9% in August."

If the Fed signals a pivot next week there is going to be a blow the roof off rally which will completely undercut what they are trying to do. I'm starting to believe anything is possible but if that's what they do then they truly are completely incompetent and Biden should fire Powell's ass right after the mid-terms.

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ChocoboRocket t1_iu60szs wrote

>It's starting to feel like we going to see another 75 bps rate hike but they will say that things are looking better for the future than they were last month. Pivot early next year.

Canada went with 50 instead of the expected 75, but indicated more to come.

Definitely not concrete, but everyone over the barrel already has been lubed for months, so the bank of Canada could have done whatever they wanted and we'd barely notice the additional amount of cock rings they're wearing.

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