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US CPI, ECB Rate Cut Top Macro Docket In New Week
It's CPI week in the US, which doesn't mean as much as it used to.
At this point, the Fed pretty plainly believes the fight's won, although they wouldn't put it that way. Last week's data, including a mixed jobs report and a rare downside surprise on ISM's gauge of services sector activity, likely sealed the deal on a December rate cut.
The incoming administration's trade and immigration policies present upside risks to consumer prices, and Americans are palpably concerned. But Jerome Powell's
Powell’s determination to cut raise in the face of so much uncertainty and data suggesting a pause has no cost may come back to haunt him. And make him more than a footnote in the history books.
rates nor raise obviously