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Trick or Treat; 3 - 7 November
- The latest round of central bank meetings yielded a few surprises. Notably, the outlook for the Fed is now more uncertain, as Chair Powell raised the bar for further near-term rate cuts.
- The post meeting press conference saw Chair Powell surprise markets, by leaving the door open to a potential 'hold' at the final FOMC meeting of the year on December 9th/10th.
- The October meeting of the ECB's Governing Council saw the central bank keep interest rates on hold for a third successive meeting.
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