🚨 THE FED’S RATE-HIKING CYCLE ISN’T OVER
The FOMC minutes have just been released, and they were hawkish.
Most Fed officials still see another rate hike this year, along with elevated inflation.
The Fed also believes the labor market is in good shape and the economy is doing well.
And when the economy is strong and inflation is surging, the Fed has more room to raise rates.
Right now, there’s an 83% chance of a rate hike in December. With CPI and PPI data due next week, any sign of rising inflation could make the Fed even more hawkish.
The FOMC minutes have just been released, and they were hawkish.
Most Fed officials still see another rate hike this year, along with elevated inflation.
The Fed also believes the labor market is in good shape and the economy is doing well.
And when the economy is strong and inflation is surging, the Fed has more room to raise rates.
Right now, there’s an 83% chance of a rate hike in December. With CPI and PPI data due next week, any sign of rising inflation could make the Fed even more hawkish.