If we’re generous, the case for arguing that inflation has peaked is mixed. Depending on the indicator of choice, there’s supporting evidence for deciding that worst of the inflation surge is behind us....
(Bloomberg) -- Central banks around the world are swapping their stockpiles of US Treasuries for cash -- just in case they need to intervene in markets to bolster their currencies.
Foreign monetary officials purged...
ISM SERVICES KEY POINTS:ISM Services PMI at 56.7 in September versus 56.00 expectedResilient services sector activity data backs case for Fed to remain on a hawkish pathU.S. dollar extends gains on better-than-forecast results
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TD Research discusses its expectations for tomorrow's ECB policy decision."The outcome is near a coin toss, but ultimately we sit (just) on the 50bps hike side for September's decision.
Both outcomes are likely...
