#hotcpidecemberhikepriced
Markets Prepare for Nearly Certain December Rate Hike
News: Reuters reported that markets were pricing in nearly a 99% probability of a December Federal Reserve rate increase following hotter-than-expected inflation data.
Why it matters: Expectations of higher interest rates can influence stock prices, bond yields and currency markets even before the Fed announces a decision.
Question: Is a December rate hike already a done deal for Wall Street?
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