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Week Ahead - All About the Fed and NFP

Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expected to be a unanimous vote for one last major rate increase. With the Fed’s preferred price measure still showing inflation is running hot, that might make it harder for them to set up a possible downshift in its rate-hike pace for the December meeting.

28-10-2022 15:00 GMT by Edward Moya

US Close: tech slump? fuhgeddaboudit, US data cools downshift calls, oil slumps, gold lower on strong dollar, bitcoin hangs above $20k

The tech bloodbath is over and Wall Street still seems to be confident that the Fed is ready to downshift their tightening pace after they deliver a fourth consecutive 75bp rate hike next week. The labor market needs to weaken significantly before the Fed can have a slower pace of tightening.

28-10-2022 14:03 GMT by Edward Moya