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Writer's pictureStéphan
Oct 233 min read

ECB officials talking rates ⬇️,FED ''less than priced in'' / BRICS summit / PTJ interview


  • ECB officials talking bringing rates below 'neutral', markets pricing 150bps or so cuts to end of 2025, dragging EURUSD lower (chart), Israel is reportedly preparing operations against Iran, BoC expected to cut rates this afternoon, 4th successive time, while the 'TrumpTrade' keeps on trucking, eq, usd, metals, crypto higher vs UST bonds lower #duration (PTJ interview below too) and Fed speakers are already mentioning “modest” cuts ahead and “delay is not a bad thing.”, on the back of still strong and resilient data >>> Trump talks tariffs on EU and others, on a sweep, DAX, Stocks50 could drop sharply on a knee jerk reaction, fact is it could and will most likely be volatile, Yellen speaks at Treasury Dept today (she will try to 'stabilize' bonds)

  • ECB Sources: Policy makers are starting to debate whether rates will have to go below neutral rate in the current easing cycle; sources stressed that any consensus was still a long way off but it marks a significant shift in policymaking debate; weak growth could drag down prices; there’s a risk inflation undershoots target; some policymakers want a greater acknowledgment of downside risks

  • Paul Tudor Jones “All roads lead to inflation''  - 5mins interview below

  • Jamie Dimon as Treasury Secretary under Kamala Harris?

  • IMF lifts US (and UK) growth forecast but cuts euro zone and China

  • #XAG long overshadowed by #GOLD , is slowly but surely taking center stage, in this hungry world looking for safe/hard assets and critical materials


 



















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