In many cases, no rhyme or reason is called into play. Just plunk the money down on the asset that sounds the best. Anyone can select an asset and hope there’s a 50-50 chance that it will make money.
Market participants are now pricing in a 93% chance the Fed will raise rates by 50 basis points at its Dec. 13-14 policy meeting. Investors will also focus on the November U.S. Consumer Price Index (CPI) report, due on Dec. 13.
The Reserve Bank of India maintained its inflation forecast of 6.7% for fiscal year 2023, but continued to lower its GDP growth forecast for fiscal year 2023 from 7% to 6.8%.
The Reserve Bank of Australia was the first advanced economy to reduce interest rate hikes to 25 basis points in October, and signaled at the time that future hikes may be on hold to assess the impact of rate hikes so far.