$TRUMP $XAU Breaking: Fed inflation warnings stoke rate expectations ahead of key data
Today’s messages from Fed members say tightening will continue, but without haste: San Francisco Fed President Mary Daly said her “bias” is that further tightening will be needed, Cleveland Fed President Beth Hammack said she sees no need for a faster pace, and Chicago Fed President Austan Goolsbee said inflation is “moving in the wrong direction.” According to Investing.com’s Fed rate tracker (last updated at 10:55 p.m. Saudi time), the probability of a quarter-point hike at the December 9 meeting is 88.3%, and of a half-point hike is 11.7%. No probability of holding rates steady is shown, compared with 32.1% a week ago, ahead of tomorrow’s Producer Price Index release at 4:30 p.m.
#WhatWillDriveCryptoandStocks’NextRebound? #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #HuangExitNvidiaStrategyInFocus #HedgeFundsCMEBitcoinNetShortsFall89% #HedgeFundsCMEBitcoinNetShortsFall89%
Today’s messages from Fed members say tightening will continue, but without haste: San Francisco Fed President Mary Daly said her “bias” is that further tightening will be needed, Cleveland Fed President Beth Hammack said she sees no need for a faster pace, and Chicago Fed President Austan Goolsbee said inflation is “moving in the wrong direction.” According to Investing.com’s Fed rate tracker (last updated at 10:55 p.m. Saudi time), the probability of a quarter-point hike at the December 9 meeting is 88.3%, and of a half-point hike is 11.7%. No probability of holding rates steady is shown, compared with 32.1% a week ago, ahead of tomorrow’s Producer Price Index release at 4:30 p.m.
#WhatWillDriveCryptoandStocks’NextRebound? #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #HuangExitNvidiaStrategyInFocus #HedgeFundsCMEBitcoinNetShortsFall89% #HedgeFundsCMEBitcoinNetShortsFall89%
