Whew, no negative surprise.
https://www.cnbc.com/2022/10/28/pce-...ber-2022-.html
Quote:
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An economic gauge that the Federal Reserve follows closely showed that inflation stayed strong in September but mostly within expectations, the Bureau of Economic Analysis reported Friday.
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Bring it on, think the .75 is already baked in (I hope) and can't get it done soon enough. Let's get the .75 hikes over with and start slowing it down.
Quote:
Markets widely expect the Fed to enact its fourth straight 0.75 percentage point increase at the meeting (next week), but possibly slow down the pace of hikes after that.
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Markets think the Fed might downshift the pace of its rate hikes ahead. Futures pricing Friday morning indicated a nearly 60% chance that the central bank will hike rates 0.5 percentage point in December.
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