#加息预期仍强,FOMC纪要会否再添鹰派信号?
Rate hike expectations remain strong—will the FOMC minutes add another hawkish signal?❓

Markets have largely priced in a December rate hike (probabilities generally at 85%–90%). The current federal funds rate is 3.75%–4.00%, and most expect another 25 bp hike in December, bringing it to 4.00%–4.25%.

1️⃣ Next FOMC minutes: released November 18 at 2 p.m. Eastern Time, covering the October 27–28 meeting

2️⃣ Recent comments from officials have leaned hawkish (Waller and others have mentioned that more may need to be done). Several investment banks have raised their projected rate paths, with some even expecting further hikes in January and March.

3️⃣ The minutes are more likely to reaffirm the existing hawkish stance than signal a completely new shift. The key factors will be inflation and employment data ahead of the December meeting, along with the dot plot.

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