#CPITestsDecemberRateOutlook
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October CPI comes out on Tuesday. It will be the last normal inflation report before the Fed’s December meeting. The market is already almost certain — around 75–80% — that there will be a quarter-point hike. The rate is currently 3.75–4%. And after the strong jobs report, everyone became even more convinced.
They expect inflation to slow a little. Around +0.3% overall and +0.2% for core. But even if the figure comes in softer, the Fed is unlikely to change its view dramatically. They can see that prices are still above 2%, and the economy is holding up.
The most interesting thing will be to look not at the headline number, but at the details — what’s happening with housing, and whether services are slowing down. A soft report could temper expectations a little; a hot one would reinforce them. Both the dollar and risk assets will feel the impact.
In short, this report is the final check before December.$XRP $SOL $ADA
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😉😉😉😉😉
October CPI comes out on Tuesday. It will be the last normal inflation report before the Fed’s December meeting. The market is already almost certain — around 75–80% — that there will be a quarter-point hike. The rate is currently 3.75–4%. And after the strong jobs report, everyone became even more convinced.
They expect inflation to slow a little. Around +0.3% overall and +0.2% for core. But even if the figure comes in softer, the Fed is unlikely to change its view dramatically. They can see that prices are still above 2%, and the economy is holding up.
The most interesting thing will be to look not at the headline number, but at the details — what’s happening with housing, and whether services are slowing down. A soft report could temper expectations a little; a hot one would reinforce them. Both the dollar and risk assets will feel the impact.
In short, this report is the final check before December.$XRP $SOL $ADA
