Will the Fed surprise us today after that hot CPI print?
August core inflation rose 0.3 percent month over month beating forecasts while the yearly figure cooled slightly to 2.4 percent.
Traders now put the odds of a 25 basis point rate hike this week near 90 percent marking the first increase in years.
A hike could pressure Bitcoin and tech stocks as higher rates usually cool risk appetite.
Gold might dip short term too but its safe haven appeal could cushion the fall depending on how hawkish the Fed sounds.
One and done or the beginning of a longer tightening path? The new projections and press conference will reveal the real story.
What you think about this? don't forget to comment 💭
Follow for more content 🙂
#FedRateWatch
August core inflation rose 0.3 percent month over month beating forecasts while the yearly figure cooled slightly to 2.4 percent.
Traders now put the odds of a 25 basis point rate hike this week near 90 percent marking the first increase in years.
A hike could pressure Bitcoin and tech stocks as higher rates usually cool risk appetite.
Gold might dip short term too but its safe haven appeal could cushion the fall depending on how hawkish the Fed sounds.
One and done or the beginning of a longer tightening path? The new projections and press conference will reveal the real story.
What you think about this? don't forget to comment 💭
Follow for more content 🙂
#FedRateWatch
