JUST IN: Bank of America warns the Federal Reserve could raise interest rates by 50 basis points in December after October CPI came in hotter than expected.
CPI rose 0.4% vs 0.3% expected, and BofA says the data all but lock in a December hike — with a half-point move now on the table. Its base case is still 25bps.
Higher rates for longer would put more pressure on risk assets like $BTC .
Do you think the Fed goes 25 or 50 in December?
#FederalReserve #InterestRates #Bitcoin
DYOR. This is not financial advice.
CPI rose 0.4% vs 0.3% expected, and BofA says the data all but lock in a December hike — with a half-point move now on the table. Its base case is still 25bps.
Higher rates for longer would put more pressure on risk assets like $BTC .
Do you think the Fed goes 25 or 50 in December?
#FederalReserve #InterestRates #Bitcoin
DYOR. This is not financial advice.
