BREAKING: Inflation Shoots Higher!

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🎈 Inflation Update:

Headline Inflation rose to 2.6%, up from 2.4% last month, while core inflation remained steady at 3.3%.
The Federal Reserve’s interest rate cut in September correlated with rising inflation, sparking concerns over inflation’s trajectory.

Upcoming Federal Reserve Meeting - December 18th:

Market odds for another interest rate cut in December have increased from 60.3% to 82.3% following this inflation report.

A further cut would bring the Fed funds rate down to 4.5% from the previous 5.5% peak.

Rate Cut Expectations Extend to January:

The January 29th Fed meeting now has a 26.5% probability of a rate cut, up from 18.7%, driven by market speculation.

Challenges in Achieving the 2% Inflation Target:

The Federal Reserve’s 2% target remains elusive. Recent rate cuts could delay progress, with inflation likely reaccelerating more visibly by late 2025 and peaking in 2026.

Fed’s Potential Actions Against Deflation:

Fed Chair Jerome Powell has indicated an aversion to deflation. Should inflation fall below 2%, the Fed may respond by further rate cuts and accelerated money printing.

Historical Context on Interest Rates and Inflation:

Historically, the Fed has raised rates more sharply during inflation spikes to regain control. Current rates may not be high enough or sustained long enough to curb inflation effectively. Therefore, I am still in favour of owning assets rather than cash which can be inflated away.

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🗓️ Date: 14 Nov (TONIGHT)

⏰ Time: 9 PM Singapore Time

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🔸 Market Movers & Shakers: A breakdown of this month’s big trends

🔸 Key Economic Updates: How current events are shaping the market 💼

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Alright! This should get you ready for the markets this week!

May Your Profits Grow!

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.