Jefferies: US government restart in sight, market risk pressure eases
BlockBeats News, November 11, Jefferies global economist Mohit Kumar stated that the prospect of the US government restarting will eliminate multiple risks for the market, which should boost risk assets. "With the Senate passing the stopgap spending bill, the government shutdown is likely to end this week,"
Kumar pointed out in the report. He believes that the clearing of positions will remove one of the obstacles for risk assets, but uncertainty surrounding Federal Reserve policy still exists. If subsequent data fails to prove labor market weakness, the Federal Reserve may postpone a rate cut in December.
According to data from the London Stock Exchange Group, the currency market currently predicts a 64% probability that the Federal Reserve will cut rates by 25 basis points in December. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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