“I would love to get off the treadmill of 75 basis points, but first the inflation numbers have to start coming down,” said Donald Ellen of Hermes Federal. Berger analyzes the position of the Federal Open Market Committee (FOMC) as follows: Whether the market takes the expressions contained in the FOMC statement on November 2 and the comments of Chairman Powell of the Federal Reserve Board ( FRB) are confirmed to some extent depending on US October employment data on the 4th or it may retreat. Economists now expect non-farm payrolls to slow to 195,000 and the unemployment rate to rise to 3.6%.
Brazil
The final round of voting in Brazil’s presidential election has closed. The battle between the current President Bolsonaro and the former President on the left Lula, who have completely different visions, is currently waiting for results. 156 million voters decide the future of South America’s largest country. Bolsonaro is expected to dominate in the southern states, where results usually come early. In the last poll, he was leading until the vote count increased to around 70%. This time, with 21% of the votes counted, Bolsonaro won 51.5% and Lula 48.5%.
call line 20
swiss bankCredit Suisse Group has approached at least 20 banks to join the syndicate for its $4 billion capital increase. Chief Financial Officer Dixit Joshi held a due diligence conference call with bankers on Thursday night for the capital increase, according to people familiar with the matter. In addition to major banks such as Morgan Stanley and Royal Bank of Canada (RBC), Goldman Sachs Group, Citigroup, Wells Fargo, JP Morgan Chase, Sumitomo Mitsui Financial Group, Unicredit, etc. are said to include
5% is the ceiling
Goldman Sachs Group Inc. expects the Fed to raise interest rates to 5%. This is 0.25 points higher than the previous forecast. Economists led by Jan Hutzius said in a report that they expect the policy rate to rise to a range of 4.75% to 5% in March next year. After the 0.75 percentage point rate increase at the FOMC this week, we expect increases of 0.5 percentage points in December and 0.25 percentage points each in February and March next year. He cited three reasons for anticipating rate rises after February: uncomfortably high inflation, the need to cool the economy and avoid an early easing of monetary conditions.
homecoming rush
Located in Zhengzhou, ChinaIn Apple’s largest iPhone manufacturing plant in the United States, migrant workers have begun to escape the measures hastily introduced against the new coronavirus. Many of the 200,000 workers in Foxconn Technology Group’s factories, which produce iPhones on contract, are forced to live inconveniently because of this measure. At least six cities and counties in Henan province asked workers who had just left the factory to contact local authorities before returning home. Workers will be sent into mandatory quarantine for several days, according to social media website WeChat.
boomerang
Economists surveyed by Bloomberg say a stronger dollar is likely to have a negative impact on the US economic outlook and could change the extent to which the Fed eventually raises interest rates. Almost half of the economistsRespondents said that the foreign impact of a stronger dollar is somewhat likely to come back to the United States over the next 18 months and affect monetary policy. Only 28% of respondents said a stronger dollar would have no effect. The survey of 40 people was carried out between 21 and 26 October.
Another hot news
FTX founder to receive 15 billion yen in Musk’s Twitter acquisition – report
The ‘lipstick effect’ has begun to fade, on the heels of inflation and an economic downturn in the cosmetics industry
Marked reduction in IPO initial price increase rate, approaching international standards – increase in investment appeal after going public
.jpg?fit=300%2C300&ssl=1)
