🇺🇸 Strategist: CPI above expectations could make a Fed rate hike in December a done deal
BeiChen Lin, senior investment strategist at Russell Investments, said that even if U.S. CPI for October comes in only slightly above expectations, it could make a Fed rate hike in December a done deal.
With a strong jobs report and more signs of economic vitality, the Fed has little patience left for inflation.
The U.S. October CPI will be released tonight at 21:30 (Beijing time)—worth watching.
$BTC $ETH #fed #cpiwatch
BeiChen Lin, senior investment strategist at Russell Investments, said that even if U.S. CPI for October comes in only slightly above expectations, it could make a Fed rate hike in December a done deal.
With a strong jobs report and more signs of economic vitality, the Fed has little patience left for inflation.
The U.S. October CPI will be released tonight at 21:30 (Beijing time)—worth watching.
$BTC $ETH #fed #cpiwatch
