$XAU Rate hike expectations are heating up: major banks warn of a double blow in December and January!
After hotter-than-expected US inflation, the debate around the Fed is shifting from “Will it raise rates in December?” to “By how much, and will a second hike follow in January?” According to Investing.com’s Fed rate tracker (last updated at 3:35 p.m. Saudi time), the probability of a quarter-point hike at the December 9 meeting is 88.8%, while the probability of a half-point hike is 11.2%. There is no longer any chance of rates being held steady, compared with 20.6% a week ago. Bank of America has opened the door to a half-point hike, and other banks are anticipating a second hike in January. What does this mean for gold, the dollar, and stocks?
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$AGT
After hotter-than-expected US inflation, the debate around the Fed is shifting from “Will it raise rates in December?” to “By how much, and will a second hike follow in January?” According to Investing.com’s Fed rate tracker (last updated at 3:35 p.m. Saudi time), the probability of a quarter-point hike at the December 9 meeting is 88.8%, while the probability of a half-point hike is 11.2%. There is no longer any chance of rates being held steady, compared with 20.6% a week ago. Bank of America has opened the door to a half-point hike, and other banks are anticipating a second hike in January. What does this mean for gold, the dollar, and stocks?
$XAG
$AGT
