Midterm Election Results Won't Change Much for the Fed
Dow Jones11-04 22:57
0957 ET - The midterm election results won't meaningfully impact the Federal Reserve's outlook, says Diego Barnuevo Market Analyst at Ebury. Rate expectations will continue to be driven mainly by energy prices, the Iran war, and also elevated AI spending which doesn't seem likely to slow down within the next couple of years, he says. Additionally, Barnuevo says markets are pricing in more tightening than is likely to happen. The continued surging Treasury yields will probably avoid the need for further hikes following the December meeting.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments