🇺🇸 This week's performance is from J. Powell!
▪️ Balance sheet #FRS:
- Last week, the Fed's balance sheet hit its lowest level since May 2021.
- Since peak values in April 2022, the balance has decreased by $1.15 trillion.
▪️ Deutsche Bank:
- Most of the world's central banks (including the Fed) will cut rates next year.
- The Fed will cut interest rates by 100 bps. in 2024.
▪️Bloomberg:
- The Fed rarely raises interest rates after the Pause.
- Analysts predict that core inflation (PCE) will decline slowly, forcing the Fed to keep interest rates at a peak for longer.
▪️ Market expectations (Fed rate):
- 97% probability of a pause at the meeting on December 13.
