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With the latest jumbo rate hike, fixed income investors have accepted that the U.S. central bank is going to continue on its hawkish path.
Source: etftrends.com
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With the latest jumbo rate hike, fixed income investors have accepted that the U.S. central bank is going to continue on its hawkish path.
The market has grown more optimistic about how inflation is trending.
With the CPI and PPI numbers softening, markets have started to moderate the Fed’s rate hike expectations.
Last week, economist Ian Shepherdson warned that house prices in the US could be on the verge of dropping by up to 20% because of 'cratering demand'.
Australian shares are set to fall as markets were subdued before the Federal Reserve meeting on Wednesday.