According to ChainCatcher, citing Jinshi News, BMO Capital Markets strategist Ian Lyngen pointed out that a wave of “backlogged” economic data will be released intensively in the coming weeks, which will significantly impact policy outlooks. Therefore, Federal Reserve Chairman Jerome Powell is likely to remain vague after the December meeting, avoiding making any explicit commitments regarding the interest rate decision for January next year. Lyngen emphasized that the U.S. Bureau of Labor Statistics will release several important economic data reports during this period, and the cumulative effect of this information will redefine the market’s understanding of economic performance.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BMO: Powell Will Avoid Making a Clear Commitment on January Rates
According to ChainCatcher, citing Jinshi News, BMO Capital Markets strategist Ian Lyngen pointed out that a wave of “backlogged” economic data will be released intensively in the coming weeks, which will significantly impact policy outlooks. Therefore, Federal Reserve Chairman Jerome Powell is likely to remain vague after the December meeting, avoiding making any explicit commitments regarding the interest rate decision for January next year. Lyngen emphasized that the U.S. Bureau of Labor Statistics will release several important economic data reports during this period, and the cumulative effect of this information will redefine the market’s understanding of economic performance.