Fed might ease off, Boris gone
Monday 24th October 2022
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The US finished the week with equities rising and the dollar falling, with the Fed\u2019s Mary Daly hinting that the path of hikes might slow for fear of an \u2018unforced downturn\u2019. NAB\u2019s Ray Attrill notes that the Wall Street Journal\u2019s Nick Timiraos suggesting the Fed might well be signalling a stepping down of rate increases, and that Timiraos rarely gets it wrong. It\u2019s fun and game is the UK today as they fast track the selection process for the next Prime Minister, although since we recorded the podcast it seems an almost certainty that Rishi Sunak will be the UK's next prime MInister, staving off the turmoil that could have ensued from a Boris Johnson win. Plus, lots of PMIs today, and China\u2019s GDP and other data, pushed back from the People\u2019s Congress last week.
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