Fed becomes less hawkish, but inflation threatens to pick up | MarketTalk: What’s up today? | Swissquote
Flight to safety continued on Wednesday, as Middle East tensions rose by another notch after Iran-backed Hezbollah said it fired missiles to an Israeli military post near the Lebanese border. US Treasuries, gold and Swiss franc gained.
The easing US yields and the dollar’s depreciation are due to mounting tensions in the Mid East, but they are also due to a recent softening in Federal Reserve (Fed) speakers’ policy approach.
The probability of a no rate hike in November jumped above 90% after the Fed minutes, whereas this probability stood at around the 70% level at the beginning of this...