This post was originally published on this site.Logan is a hawk and has dissented in favor of hikes so her comments might not be as hawkish as feared after what we heard today from Waller: Excess inflation is unacceptable Clear that Fed needs at least two more quarter-percentage-point rate increases Says it may be possible to raise interest rates more rapidly this winter than US central bank has moved so far Important to ‘promptly’ achieve balance in outlook, risks for inflation and employment Adjusting policy gradually can reduce risk that economic activity deteriorates more sharply than necessary After two more...

This post was originally published on this site.US stocks opened on the defensive after the stronger-than-expected CPI report pushed Treasury yields higher and reinforced expectations for tighter Fed policy. The Nasdaq indices took the early hit, but the tone changed as attention shifted to reports about Anthropic’s planned IPO. Both indices erased their opening losses and traded into positive territory. Anthropic is reportedly targeting November 18 for pricing, with its first day of trading planned for November 19. Reports also indicate that roughly 20% of the offering will be allocated to retail investors and that orders are already matching the...