The CME FedWatch tool did not lie. The US central banks opted to lower the cost of borrowing by 0.5% to the 4.75%-5.00% range with one of the governors opting for a 0.25% decrease. The Federal Reserve has ‘greater confidence’ about inflation and sees a rough balance between achieving price stability and a healthy labour market, its two critical mandates.
The pre-election political environment in the US has all the ingredients of a Hollywood blockbuster. The tension is palpable, relationships are toxic, and it features the Good and the Bad, and perhaps even the Ugly. It is full of intricacy, not to mention the numerous assassination attempts and part of the storyline is centred around money.
The pre-election political environment in the US has all the ingredients of a Hollywood blockbuster. The tension is palpable, relationships are toxic, and it features the Good and the Bad, and perhaps even the Ugly. It is full of intricacy, not to mention the numerous assassination attempts and part of the storyline is centred around money.
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