FedWatch: Probability of a 50-basis-point Fed hike in December rises to 11.5%
After October CPI came in hotter than forecast (+0.4%, core +0.3%), markets are almost certain the Fed will raise rates in December: no change 0%, a 25-basis-point hike 88.5%, and a 50-basis-point hike 11.5%.
By January next year, the probability of a cumulative 50-basis-point hike has risen to 59.2% (from 21.3%), while the probability of a 75-basis-point hike is 7.1%. The Fed meeting on December 8–9 will be in the spotlight — $BTC remains under pressure from expectations of tighter policy.
#fed #cpiwatch
After October CPI came in hotter than forecast (+0.4%, core +0.3%), markets are almost certain the Fed will raise rates in December: no change 0%, a 25-basis-point hike 88.5%, and a 50-basis-point hike 11.5%.
By January next year, the probability of a cumulative 50-basis-point hike has risen to 59.2% (from 21.3%), while the probability of a 75-basis-point hike is 7.1%. The Fed meeting on December 8–9 will be in the spotlight — $BTC remains under pressure from expectations of tighter policy.
#fed #cpiwatch
