The Fed is probably done hiking rates. Cuts are still far off
The Federal Reserve likely won’t raise rates again during its current tightening cycle, thanks to a cooldown in inflation.
Source: cnn.com
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Pound To Dollar Outlook: GBP/USD Exchange Rate Wavers As US Currency Headwinds Bloom
Pound to Dollar Outlook: GBP/USD Exchange Rate Wavers as US Currency Headwinds Bloom
Source: exchangerates.org.uk
Higher interest rates curb consumer appetite for big-ticket goods like cars
Higher borrowing costs appear to have sapped consumer demand for new cars and other big ticket items.
Source: marketwatch.com
Retail sales drop in October for first time in 7 months
Retail sales fell in October for the first time in seven months as consumers pulled back on spending in the face of inflation and high interest rates.
Source: foxbusiness.com
CPI report October 2023: Inflation flat from the prior month, core CPI at 2-year low
The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.
Source: cnbc.com