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Fundamental Analysis Posted 4 hours ago

Fed's Schmid Says Labor Market Balanced, Wages Not Fueling Inflation

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Fed official Schmid stated the US labor market is largely balanced with little evidence that job growth or wage gains are driving inflation, and reaffirmed the Fed's responsibility to manage demand-side inflation pressures. This reinforces the Fed's view that labor is not the inflation culprit, keeping rate-cut expectations intact as traders await Chairman Warsh's remarks and retail sales data.
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4 hours ago

Fed's Schmid: Inflation Uncomfortably Above 2% Target, Moving Wrong Way

Fed official Schmid flagged inflation at 3% ex-energy, moving in the wrong direction and above the 2% target, signaling the central bank has more work ahead. USD sensitivity hinges on whether this shifts Fed rate-cut expectations; traders await Chair Warsh's speech (16 Nov) and retail sales data (17 Nov) to gauge the policy reaction function.

https://x.com/FirstSquawk/status/2122043685991071978
2 hours ago

Eurozone Inflation Above 2% Target, Schmid Says Direction Wrong

ECB Governing Council member Schmid warned inflation remains uncomfortably above the 2% target and is shifting in the wrong direction. The comment adds pressure to ECB rate-cut expectations and complicates the French budget narrative dominating EUR sentiment. Traders await Chair Warsh speech tomorrow and retail sales data to confirm US demand weakness.

https://x.com/financialjuice/status/2122074448551436623
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