After the US inflation data for September was released, several Wall Street asset management agencies believed that the higher core CPI than expected increased the possibility that the Federal Reserve would raise interest rates further, but this was not enough to make the October rate hike a foregone conclusion. Seema Shah, chief global strategist at Principal Asset Management, said that although the data made the market uneasy, it was insufficient to support the Fed's interest rate hike in October; Jeff Schulze, head of investment strategy at Franklin Templeton, pointed out that strong core inflation strengthened the reasons for subsequent interest rate hikes, but the recent dovish statements of New York Federal Reserve Chairman Williams and Federal Reserve Governor Jefferson mean that the threshold for immediate interest rate hikes is still high. Karen Manna, a fixed income investment strategist at Federated Hermes, believes that inflation data may further increase the yield for each term of the US Treasury yield curve; Brad Conger, chief investment officer of Hirtle & Co., pointed out that strong US economic growth has enabled the Federal Reserve to focus more on controlling inflation. At the same time, the market is concerned that the Federal Reserve may repeat the long cycle of rate hikes in the 2022 style.
Zhitongcaijing · 2d ago
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After the US inflation data for September was released, several Wall Street asset management agencies believed that the higher core CPI than expected increased the possibility that the Federal Reserve would raise interest rates further, but this was not enough to make the October rate hike a foregone conclusion. Seema Shah, chief global strategist at Principal Asset Management, said that although the data made the market uneasy, it was insufficient to support the Fed's interest rate hike in October; Jeff Schulze, head of investment strategy at Franklin Templeton, pointed out that strong core inflation strengthened the reasons for subsequent interest rate hikes, but the recent dovish statements of New York Federal Reserve Chairman Williams and Federal Reserve Governor Jefferson mean that the threshold for immediate interest rate hikes is still high. Karen Manna, a fixed income investment strategist at Federated Hermes, believes that inflation data may further increase the yield for each term of the US Treasury yield curve; Brad Conger, chief investment officer of Hirtle & Co., pointed out that strong US economic growth has enabled the Federal Reserve to focus more on controlling inflation. At the same time, the market is concerned that the Federal Reserve may repeat the long cycle of rate hikes in 2022.
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