🚨 Bloodbath: CPI 0.4% vs. 0.3% expected. Core 0.3% vs. 0.2%. Markets are starting to bleed.
October CPI rose 0.4% month over month, above expectations of 0.3%. Core CPI rose 0.3%, above expectations of 0.2%.
Both figures came in hotter than expected, and markets have already started selling off.
A Fed governor warned today that if core inflation remains persistently hot, the Fed may consider a move larger than 25 basis points. Earlier data showed the probability of a December rate hike nearing 97%.
Inflation is running hot. The Fed is preparing to raise rates. Markets were already under pressure.
This is exactly the combination that keeps red candles appearing.
I've been navigating these markets for over 12 years.
Don't miss the next big move. Follow me and turn on notifications.
October CPI rose 0.4% month over month, above expectations of 0.3%. Core CPI rose 0.3%, above expectations of 0.2%.
Both figures came in hotter than expected, and markets have already started selling off.
A Fed governor warned today that if core inflation remains persistently hot, the Fed may consider a move larger than 25 basis points. Earlier data showed the probability of a December rate hike nearing 97%.
Inflation is running hot. The Fed is preparing to raise rates. Markets were already under pressure.
This is exactly the combination that keeps red candles appearing.
I've been navigating these markets for over 12 years.
Don't miss the next big move. Follow me and turn on notifications.