Odds of Fed achieving a soft landing don’t look good

AT THE end of trading on Tuesday (Nov 1), the federal funds futures market was pricing in an 83.5 per cent chance that the Federal Reserve would raise rates by 75 basis points to a target range of 3.75-4 per cent at its Wednesday (Nov 2) meeting.

What wasn't - and still isn't - known is what impact higher rates this year will have on the US economy and the rest of the world. As far as markets are concerned, the key questions are: when will the Fed taper the pace of its rate rises, and will there be...


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