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US Drop-In: October CPI and the Fed rate outlook

Shortly after the release of the October CPI report, our US Economics team held a client briefing all about the October report and the inflation and growth outlooks and how they’ll shape Fed policy. They answered client questions and addressed key issues, including: 

  • The latest price data and what they say about headline and core inflation’s path back to target;
  • How US economic growth will pan out over the remainder of this year and into 2024;
  • Why we think markets are underestimating the scope for Fed rate cuts next year. 
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