Twelve hours ago everyone was panicking about a 25bp December hike. Now the market is quietly pricing something scarier.
Fed Governor Waller said today that if inflation stays hot, a 50bp hike should be on the table in December. The odds of a half-point move went from basically zero to around 14% in a day. That is the part nobody was talking about at breakfast.
$BTC is still hanging on to $73,000, right on the 200-day average. The next test comes Friday with PPI, forecast at 0.4%. Another hot print and the 50bp chatter gets a lot louder.
So do you think Waller is just jawboning to keep inflation in check, or is the Fed actually about to go bigger than everyone expects? #HotCPIDecemberHikePriced
Fed Governor Waller said today that if inflation stays hot, a 50bp hike should be on the table in December. The odds of a half-point move went from basically zero to around 14% in a day. That is the part nobody was talking about at breakfast.
$BTC is still hanging on to $73,000, right on the 200-day average. The next test comes Friday with PPI, forecast at 0.4%. Another hot print and the 50bp chatter gets a lot louder.
So do you think Waller is just jawboning to keep inflation in check, or is the Fed actually about to go bigger than everyone expects? #HotCPIDecemberHikePriced
