Posted 11/28/2023, 7:47:00 AM
Markets Foresee End to Fed Rate Hikes as Housing Slumps and Inflation Outlook Uncertain
- Markets expect Fed's final interest rate between 5.25-5.50% as two-year hawkish policy cycle seen ending
- Forecasts suggest Fed may start cutting rates as of June 2023, leading to bond market gains
- US new home sales fell 5.6% monthly in October, missing expectations
- Eurozone inflation may rebound near-term but outlook uncertain, Lagarde says
- Asian markets mostly lower Tuesday; BIST index in Turkey rose 1.85% Monday