The View from 5th Avenue

The View from 5th Avenue – 17 November 2023

The November moves have continued for another week, this time as investors rejoice the declining CPI data. Whether Powell and the Fed can pull off a Captain Sully remains a topic of debate, however investors have voiced their opinion by pushing Fed Fund Future expectations 100bps lower by the end of 2024. According to the daily regimen of Fed speakers, they are still not ready to claim inflation victory (Daly and Collins), although Barr thought they were “at or near interest rate peak”. Equites…

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