Rabo: Two More Cuts and Fed Likely Done

Next week and in January

Authored by Benjamin Picton, Senior Macro strategist at Rabobank

Relief and Anxiety

Yesterday’s US November CPI inflation report was sufficiently benign to diminish doubts as to whether the Fed would cut rates at next week’s policy meeting. On the back of the as expected report, the Nasdaq dutifully pushed higher. That said, there is some evidence that progress on lowering price pressures may be stalling.