Fed: No further hikes – Commerzbank
US consumer prices in October were unchanged from the previous month. In the view of economists at Commerzbank, a further interest rate hike is becoming increasingly unlikely.
US inflation surprisingly weak
US consumer prices surprisingly remained unchanged in October compared to the previous month. The year-on-year rate fell from 3.7% to 3.2%. The more important core rate, which excludes energy and food, amounted to 0.2% in month-on-month terms. In a year-on-year comparison, it fell from 4.1% to 4.0%.
Today's data should reinforce the market's view that the Fed will not raise its key interest rates any further (this has also been our forecast for some time).
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.