Mindblown: a blog about philosophy.
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US CPI YY, NSA* (Oct) 3.2% vs. Exp. 3.3% (Prev. 3.7%)
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US Core CPI MM, SA* (Oct) 0.2% vs. Exp. 0.3% (Prev. 0.3%)
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POWELL SAYS FED WON’T HESITATE TO TIGHTEN MORE IF APPROPRIATE
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Fed Chair Powell says we are not confident we’ve achieved sufficiently restrictive stance
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ECB’s Centeno says we are at a plateau in terms of interest rates; policy is working and helping inflation to come down
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“Federal Reserve Chair Jerome Powell said the central bank must be willing to think beyond the complex mathematical simulations it traditionally uses to forecast the economy.”
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FED’S LOGAN: INFLATION READINGS LOOK LIKE THEY’RE TRENDING TOWARD 3%, NOT 2%. FED’S LOGAN: MY EXPECTATION IS THAT GROWTH WILL START TO SLOW, BUT WERE WRONG BEFORE. I CONTINUE TO EXPECT WE WILL NEED TO INCREASE THE FEDERAL FUNDS RATE FURTHER
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ED’S BOWMAN: CONTINUE TO EXPECT FURTHER RATE HIKES NEEDED *BOWMAN: WILLING TO SUPPORT HIKES IF INFLATION PROGRESS STALLS
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BoE’s Haskel says estimate of 6% equilibrium unemployment is an upper bound for him; higher equilibrium unemployment does put upward pressure on interest rates
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Walt Disney & Bitcoin Insight: Weekly Report Nov 3rd
Weekly Report Nov 2nd So the markets loved what Jerome Powell, Fed Chairman, had to say after the Fed meeting and taken it that the Fed are going to be done with raising rates. That’s it, they’re finished. And consequently, we saw. A collapse in bond yields, 30 years now back close to 4.75%! And…
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