📰 AGAINST DECEMBER RATE CUT Despite CPI aligning with forecasts, expectations for a Fed rate cut in December rose, with Wall Street reacting positively. However, not all agree, with Steven Ricchiuto from Mizuho Securities questioning the move, citing focus on employment over the 2% inflation target and rising shelter costs. He warns of long-term risks from unnecessary cuts, predicting fiscal stimulus from new policies. Rate cut probability dropped to ~95% for next week.

AGAINST DECEMBER RATE CUT

Despite CPI aligning with forecasts, expectations for a Fed rate cut in December rose, with Wall Street reacting positively. However, not all agree, with Steven Ricchiuto from Mizuho Securities questioning the move, citing focus on employment over the 2% inflation target and rising shelter costs. He warns of long-term risks from unnecessary cuts, predicting fiscal stimulus from new policies. Rate cut probability dropped to ~95% for next week.