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- "Once the Fed embarks on tightening, it generally continues for a while"
"Once the Fed embarks on tightening, it generally continues for a while"
DC Lite #683
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.
1. Fed calls. "Central bank watchers now overwhelmingly expect not only a Fed rate increase this week, but a second hike before the end of the year"
2. US 10Y vs. Fed. "Once the Fed embarks on tightening, it generally continues for a while, and yields continue to rise, generally by more than a percentage point. Judging by history ... we should brace for the 10-year yield to reach 6% before the Fed is done."
3. Commodity prices. "The renewed flare-up in oil prices has taken the BCOM Spot index to new highs. But it's not just oil. The chart below shows that 80% of the BCOMSP is in an uptrend."
4. Investment Manager Index. "The air of confidence reported among US equity investors in August has evaporated in September. The renewed tensions in the Middle East have fueled further concerns over the path of interest rates, with surveyed fund managers now expecting up to 50 basis points of rate hikes before the year end."
5. OpenAI vs. Anthropic. "OpenRouter users spent more on OpenAI models than on Anthropic models last week.This hasn't happened for more than 2.5 years"
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