Wait till the new year and see how the global economies are progressing: Stephen Innes
“Powell is not one for surprising the market. He had never done it really and the market is coalescing around a 50 bps rate hike in December. It would be walloping if they raised rates by 75 basis points. I do not think that will happen. I think they will stick to 50 bps, allowing the lagged effects of those interest rate hikes to play out in the economy.”
