Fed rate path unclear but SSAs still finding dollar audience
Disagreement among members of the US Federal Open Market Committee over where inflation could be headed is leading to an uncertain picture over the future of the Federal Reserve’s target rate. Despite that uncertainty, public sector issuers in the dollar market once again enjoyed another strong week of issuance.
Minutes published on Wednesday of the FOMC’s last meeting, in July, showed that some members expect inflation to pick up over the next few years, while others are concerned it may stay below the central bank’s 2% target over the longer term.
That led to a shift in
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