WS #16097
The macro outlook is becoming increasingly uncertain as rising oil prices and comments from a White House adviser suggesting inflation 'looks like it's back' challenge the narrative of a soft landing. Goldman Sachs sees October choppiness giving way to a year-end rally, but the energy shock introduces a bearish counter-signal for rate-sensitive growth assets. The market is closely watching the upcoming Fed meeting, with polymarket data indicating expectations for no change in rates, but the risk of a hawkish pivot remains elevated due to the energy-driven inflationary pressure.
Inflation & Macro Policy Uncertainty
The macro outlook is becoming increasingly uncertain as rising oil prices and comments from a White House adviser suggesting inflation 'looks like it's back' challenge the narrative of a soft landing. Goldman Sachs sees October choppiness giving way to a year-end rally, but the energy shock introduces a bearish counter-signal for rate-sensitive growth assets. The market is closely watching the upcoming Fed meeting, with polymarket data indicating expectations for no change in rates, but the risk of a hawkish pivot remains elevated due to the energy-driven inflationary pressure.