WS #14771
The US Federal Reserve is widely expected to implement a modest 25 basis point rate hike in October, a move that has been largely absorbed by the market. New York Fed President John Williams' comments have reinforced this expectation, while Morgan Stanley has reversed its bearish stance on the US dollar, citing rising bond yields. This macro backdrop has provided a floor for equities, with the S&P 500 and Nasdaq posting gains, as investors prioritize the stability of the central bank's path over inflation fears.
Fed Policy & Macro
The US Federal Reserve is widely expected to implement a modest 25 basis point rate hike in October, a move that has been largely absorbed by the market. New York Fed President John Williams' comments have reinforced this expectation, while Morgan Stanley has reversed its bearish stance on the US dollar, citing rising bond yields. This macro backdrop has provided a floor for equities, with the S&P 500 and Nasdaq posting gains, as investors prioritize the stability of the central bank's path over inflation fears.