The FOMC meeting on Wednesday, September 16
After the speech by the Fed Chair in Jackson Hole was highly hawkish, the latest inflation data failed to reassure the market.
In August, PPI rose 0.4% month-over-month and 5.4% year-over-year, while the CPI also showed a 0.4% month-over-month increase and a 3.4% year-over-year increase.
At present, the Fed watch tool estimates the probability of a 25 basis point rate hike at about 87%. This would be the first rate hike in years.
The market has already begun pricing in this scenario, and selling pressure has appeared across stocks, cryptocurrencies, and commodities.
On Wednesday, what matters most is the Fed’s tone and its guidance for the next meeting
#FOMC
After the speech by the Fed Chair in Jackson Hole was highly hawkish, the latest inflation data failed to reassure the market.
In August, PPI rose 0.4% month-over-month and 5.4% year-over-year, while the CPI also showed a 0.4% month-over-month increase and a 3.4% year-over-year increase.
At present, the Fed watch tool estimates the probability of a 25 basis point rate hike at about 87%. This would be the first rate hike in years.
The market has already begun pricing in this scenario, and selling pressure has appeared across stocks, cryptocurrencies, and commodities.
On Wednesday, what matters most is the Fed’s tone and its guidance for the next meeting
#FOMC
