Oh my God! The data blew past expectations, with CPI inflation higher than expected across the board!
Expectations for a rate hike at the October policy meeting have surged.
But a rate hike at the end of October is still highly unlikely. This is just a short-term negative, and the market needs time to digest it!
Expectations for a rate hike at the October policy meeting have surged.
But a rate hike at the end of October is still highly unlikely. This is just a short-term negative, and the market needs time to digest it!
