The Fed still has a long way to go in shrinking its balance sheet, which will not affect market prices, said Mr. Williams. The dollar remains the world's reserve currency.
The US CPI in August was largely in line with expectations. Overall, it continued the "moderate" tone of the previous report, but the core CPI reading was flawed due to the impact of rental inflation. We expect US inflation to be roughly stable year-on-year during the year. We still believe that the trend of cooling rental inflation is not reversed, maintaining the forecast of three 25bps rate cuts by the Federal Reserve during the year. The election debate has allayed market concerns about the ...
Mr. Goolsbee, the Fed, said "we have tightened substantially in terms of real interest rates".
Musk said on social media that tonight was a clear victory for Meme.