Investors anticipate more rate cuts from Fed in November, economic data to influence decision

From Investing.com: 2024-09-27 07:14:00

Investors are betting on another 50bps rate cut in November after the recent Fed decision. Fed speeches, ISM PMIs, and NFP will influence rate cut expectations. Eurozone awaits CPI data amid expectations of more ECB cuts. China PMIs and BoJ Summary of Opinions are also on the radar. The Fed may opt for a back-to-back 50bps rate cut in November, with key officials favoring slower reductions going forward. ISM PMIs and NFP reports will be closely watched for signs of economic health. Eurozone inflation data may lead to further ECB cuts, impacting the EUR. Chinese PMIs may signal contraction, affecting oil prices and risk-linked currencies. BoJ’s Summary of Opinions and Japan’s employment data will provide further insights for investors.



Read more at Investing.com: Week Ahead: NFP on Tap Amid Bets of Another Bold Fed Rate Cut