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But we saved everything 🙂.
Expectations for a potential U.S. interest rate hike in October briefly rose above 50% following the release of stronger-than-expected Consumer Price Index data, before easing slightly.
Axel Merk reported that, while Warsh in September "removed a dose of accommodation," he expressed no urgency for further hikes and indicated a preference for letting new data determine future actions.
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In earlier coverage, Axel Merk flagged France’s dependence on short-term debt markets as a response to elevated public borrowing. He has also discussed the recent Nobel Prize in economics, noting its connection to Milton Friedman rather than Keynes. These previous observations add context to Merk’s ongoing analysis of monetary policy and financial risks.