Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
U.S. Productivity Growth Widens Lead Over Other Advanced Economies, Says Goldman Sachs 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Jeffrey M. Lacker, president of Richmond FED had been the only hawk last Wednesday, when policymakers chose to maintain current monetary policy accommodation by 9-1 vote.
In a speech today, Mr. Lacker explained, why he dissented in last policy asking for an immediate rate hike.
- According to Mr. Lacker, US economy is strong enough to handle a rate hike and with current steady growth in output and household spending which is expected to continue real rates should move towards positive territory.
- He drew labour market tightening to his argument as he believes this will lead to inflation goal as effects of lower energy prices dissipate.
Mr. Lacker was a dissenter in September meeting too as he clearly believed that FED got influenced by financial market turmoil and global economic developments, which he believed would be less influential to US economy and recent data since then have strengthen his belief.
Since last meeting, probability of a December hike has risen above 50% from around 36% before the meeting as tone of the FED commentary has moved towards hawkish side.
