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US consumer sentiment edged down to 48 in October, beating the 46.3 forecast, while inflation expectations held at 4.7% before the Fed meets. The post US Consumer Sentiment Edges Down to 48 appeared first on The Rio Times.
Risk aversion is set to dominate markets in coming weeks as investors seek shelter from higher interest rates and volatility around US midterm elections and the AI trade, according to Bank of America Corp.’s Michael Hartnett.
Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments, and Subadra Rajappa, head of research at Société Générale Americas, join Scarlet Fu on "Bloomberg Real Yield." US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. (Source: Bloomberg)
While inflation numbers might not be disastrous, they’re still disappointing and moving in the wrong direction. Bloomberg Opinion columnist John Authers explains where this leaves the US, and if it will lead to any more rate hikes from the Fed. (Source: Bloomberg)
Economists divided on Fed rate hike as inflation creates uncertainty before US midterm elections in a tense market.
Barclays senior US economist Pooja Sriram said higher interest rates are a blunt tool that tighten financial conditions and hit rate-sensitive sectors such as housing and autos first. While rising Treasury yields and the bond selloff have added restraint, she said it is unclear whether conditions are restrictive enough. With oil prices rising again, further pressure on housing and auto demand could create uneven economic damage without resolving inflation. Sriram said the Fed’s approach, reflected in September meeting minutes, is focused on managing the risk that strong demand, persistent inflation or adverse supply shocks push prices higher. The Fed appears prepared to raise rates further, though she said a hike as soon as October is unlikely. (Source: Bloomberg)