In the search for clues on the outlook for monetary policy, investors and analysts are focused on three questions. When will the Fed slow its rate hikes? When will the Fed pause rate hikes? And when will the central bank pivot and start cutting rates? Powell gave somewhat encouraging remarks in one out of three in yesterday’s press conference.
Daily Archives: November 3, 2022
Macro Briefing: 3 November 2022
* North Korea fires ICMB but it failed in mid-flight, says South Korean military.
* Fed hikes target rate by 75 basis point and signals more to come
* Wells Fargo mortgage staff prepares for layoffs as lending activity slides
* China economic activity continues to slide in October in “broad-based slowdown”
* Global manufacturing output falls again in October
* Services sector is bright spot for US labor market in October
* US companies accelerate hiring in October to three-month high:
