Institutional Analyst: Fed Beige Book Could Once Again Be a Key Factor
BlockBeats News, November 20th: Institutional Analyst Evaluates US September Non-Farm Payrolls: Assessing the probability of the Fed cutting rates in December is very difficult. Market pricing once again approaches a 50% probability, with the Beige Book possibly being a deciding factor once again as no new CPI or employment reports will be available before the December meeting. For long-term rates, if the Fed guides the market's attention to a rate cut in January at the meeting, then a rate cut in December becomes insignificant. Therefore, in my opinion, all concerns surrounding whether a rate cut will occur in December are only meaningful to short-term rate traders. (FX678)
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