Standard Chartered: Increased Likelihood of 50 Basis Points Rate Hike by the Federal Reserve

Standard Chartered stated that the likelihood of a 0.5 percentage point rate hike by the Federal Reserve in December is increasing, but no clear conclusion has been reached yet. Potential inflation does not seem to be on a downward trend and may actually rise. In a situation where the inflation rate is above the target level, it is reasonable to adopt a wait-and-see attitude if the inflation rate remains stable; however, if the inflation rate rises, there is no reason to continue waiting. The institution expects a relatively moderate rate hike scenario, with both the manufacturing and non-manufacturing ISM indices well above 50.

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