Fed Governor Waller sent a clear signal: if inflation cools, we can expect a 25-bp hike in December. But if core CPI for October comes in around 0.3% or higher, the conversation will turn to 50 bps.
The forecast right now is that core CPI month over month will come in at 0.2%, down from 0.3% in September. If it comes in at 0.2% or lower, pressure on the Fed will ease, and risk assets could get an early Christmas present. If it comes in at 0.3% or higher, the market will be shaken again.
Where do you think core CPI for October will come in?
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The forecast right now is that core CPI month over month will come in at 0.2%, down from 0.3% in September. If it comes in at 0.2% or lower, pressure on the Fed will ease, and risk assets could get an early Christmas present. If it comes in at 0.3% or higher, the market will be shaken again.
Where do you think core CPI for October will come in?
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