US stocks rebounded on Friday and were largely supported by surprisingly dovish comments from Fed’s Williams, who said that in his view, the Fed can still cut rates in the near term given current policy is modestly restrictive, indicating that would be his preference in December. The comment helped lift stocks and bonds with a dovish repricing in Fed money markets which saw as much as a 62% chance of a 25bps cut, but pared back a couple of bps after the BLS announced the Oct. CPI is cancelled and November CPI will be released after the December FOMC meeting,…
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