The Fed vs Inflation
Fedtopp: Expect us to slow down going forward
Fed chief Neel Kashkari expects the central bank to dial back the pace of its interest rate cuts after last week's downward revision of 0.5 percentage points. He tells CNBC that.
Kashkari assesses that monetary policy is still tightening.
- So I was comfortable taking a bigger first step, but going forward I expect we will probably take smaller steps, unless the data changes significantly, he says.
Earlier on Monday, fellow Fed member Raphael Bostic said he expects the Fed to act aggressively to return to a neutral rate, which is estimated to be around 2.9 percent.
According to CNBC, the market is divided on whether there will be a cut of 0.25 or 0.5 percentage points at the next meeting in November.
Fedtopp: Expect us to slow down going forward
Fed chief Neel Kashkari expects the central bank to dial back the pace of its interest rate cuts after last week's downward revision of 0.5 percentage points. He tells CNBC that.
Kashkari assesses that monetary policy is still tightening.
- So I was comfortable taking a bigger first step, but going forward I expect we will probably take smaller steps, unless the data changes significantly, he says.
Earlier on Monday, fellow Fed member Raphael Bostic said he expects the Fed to act aggressively to return to a neutral rate, which is estimated to be around 2.9 percent.
According to CNBC, the market is divided on whether there will be a cut of 0.25 or 0.5 percentage points at the next meeting in November.
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The election in the USA The electoral movement
WS and Silicon Valley want to see Harris – richer than Trump
The rich people of Wall Street and Silicon Valley are rallying behind Kamala Harris. With their help, she has a clear lead over Donald Trump in terms of campaign contributions, reports Bloomberg.
She has an average of $5 million more to spend on her campaign a day than Trump. The Democrats have recently put three times as much as the Republicans.
At a fundraiser in New York on Sunday, Harris pulled in a record $27 million after promising investors she would create favorable conditions for AI and digital assets, the NY Times reports.
WS and Silicon Valley want to see Harris – richer than Trump
The rich people of Wall Street and Silicon Valley are rallying behind Kamala Harris. With their help, she has a clear lead over Donald Trump in terms of campaign contributions, reports Bloomberg.
She has an average of $5 million more to spend on her campaign a day than Trump. The Democrats have recently put three times as much as the Republicans.
At a fundraiser in New York on Sunday, Harris pulled in a record $27 million after promising investors she would create favorable conditions for AI and digital assets, the NY Times reports.
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ECB vs inflation
Analyst: Opens door for ECB to cut in October
The weak PMI figures from France and Germany open the way for the ECB to cut interest rates in October, Kenneth Broux, analyst at Société Générale told Reuters.
- This definitely keeps the door open for a reduction. Whether they step through that door is too early to say, but the numbers are grim.
The market prices in that the ECB will lower the interest rate by 42 basis points before the end of the year, compared to last week when it priced in 38 points, writes the news agency.
Analyst: Opens door for ECB to cut in October
The weak PMI figures from France and Germany open the way for the ECB to cut interest rates in October, Kenneth Broux, analyst at Société Générale told Reuters.
- This definitely keeps the door open for a reduction. Whether they step through that door is too early to say, but the numbers are grim.
The market prices in that the ECB will lower the interest rate by 42 basis points before the end of the year, compared to last week when it priced in 38 points, writes the news agency.
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Swedish interest rates
SEB traders: The Riksbank lowers by 25 points
An overwhelming majority of SEB's trading floor expects the Riksbank to lower by 25 basis points on Thursday. This is evident from a recent survey from the bank.
Just under a fifth, 18 percent, predict a double rate cut this week, while around 30 percent expect the Riksbank to double rate later this year.
According to the survey, moderate market reactions are expected on Thursday, while the bank is flagging the KI barometer that will arrive on the same day.
"We believe that the mood among households and companies operating in the domestic market is improving, but see certain risks for the industry," writes chief strategist Olle Holmgren in a morning letter.
SEB traders: The Riksbank lowers by 25 points
An overwhelming majority of SEB's trading floor expects the Riksbank to lower by 25 basis points on Thursday. This is evident from a recent survey from the bank.
Just under a fifth, 18 percent, predict a double rate cut this week, while around 30 percent expect the Riksbank to double rate later this year.
According to the survey, moderate market reactions are expected on Thursday, while the bank is flagging the KI barometer that will arrive on the same day.
"We believe that the mood among households and companies operating in the domestic market is improving, but see certain risks for the industry," writes chief strategist Olle Holmgren in a morning letter.
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