Regarding interest rate hikes, the CPI/PPI data released last week were lower than expected across the board. The inflation data boosted hopes that the Federal Reserve has completed raising interest rates. Sentiment has improved significantly. U.S. stocks have risen for three weeks in a row, and the U.S. dollar index and U.S. bonds have continued to fall below key positions. Capital flight is accelerating and market risk appetite has increased.

The market has priced in a 100% probability of continuing to suspend interest rate hikes in December. Now that inflation data has dropped and employment has slowed, the Fed has no reason to support the path of raising interest rates. #cpi