đŸ‡ș🇾 This week's speech by J. Powell! (calendar)

â–Ș Balance #Fed:

- Last week, the Fed's balance sheet reached its lowest level since May 2021.

- Since the peak values of April 2022, the balance has decreased by $1.15 trillion.

â–Ș Deutsche Bank:

- Most of the world's central banks (including the Fed) will cut rates next year.

- The Fed will reduce the interest rate by 100 bps in 2024.

â–Ș Bloomberg:

- The Fed rarely raises the interest rate after a pause.

- Analysts predict that core inflation (PCE) will decline slowly – this will force the Fed to keep the interest rate at the peak for a longer time.

â–Ș Market expectations (Fed rate):

- 97% probability of a pause at the meeting on December 13.