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investingLive Americas FX news wrap 17 Sept

US September Philly Fed business index +37.8 vs +30.5 expected US August housing starts 1.275m vs 1.309m expected US initial jobless claims come in at 196K vs 208K estimate Canada August producer price index +1.3% m/m vs +0.6% prior BOE's Bailey: Decision on rates will get more difficult the longer the Iran conflict continues US August pending home sales +0.3% vs -0.6% expected Former Atlanta Fed…

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A view on inflation is increasingly important

The Fed has set out to tackle inflation and they certainly have the tools to get the job done. How aggressively they use those tools and how the economy responds is less certain, so is the geopolitical backdrop. At the moment, the market is pricing in the thinnest rate hike in US history so the consensus is that inflation will be tamed relatively easily. I think it's worth considering how much…

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