📉 Markets were hit hard following the CPI news
- Bitcoin plunged to 81k
- Gold fell below 4,100
- U.S. stocks lost $1 trillion in a single trading session
- Japan’s stock market continued to fall sharply, while South Korea’s dropped 8%, hitting a new three-month low.
According to a Bank of America forecast, the FED could raise interest rates three times before June 2027 because CPI came in higher than expected.
🔮 If this scenario comes true, rates are expected to remain unchanged in October, with at least two rate hikes in December and the first half of 2027.
Note: The PPI inflation reading is also due tonight and should be watched!
#TinFed
- Bitcoin plunged to 81k
- Gold fell below 4,100
- U.S. stocks lost $1 trillion in a single trading session
- Japan’s stock market continued to fall sharply, while South Korea’s dropped 8%, hitting a new three-month low.
According to a Bank of America forecast, the FED could raise interest rates three times before June 2027 because CPI came in higher than expected.
🔮 If this scenario comes true, rates are expected to remain unchanged in October, with at least two rate hikes in December and the first half of 2027.
Note: The PPI inflation reading is also due tonight and should be watched!
#TinFed