#FedOctoberRateHikeOddsRiseTo69.7% the Post with hashtag #FEDOctoberRateHikeOddsRiseTo69.7%:
Markets have sharply increased expectations for another Federal Reserve rate hike in October. The probability of a 25-basis-point increase reached 69.7% on September 23, up from 55.4% a day earlier, as stronger-than-expected U.S. economic data renewed inflation concerns.
The September flash composite PMI jumped to 58.4, its strongest reading since July 2021, while input-cost pressures accelerated. Fed Governor Michael Barr said further policy adjustments are likely to ensure inflation returns to target. Treasury yields also climbed as traders repriced the outlook.
Markets have sharply increased expectations for another Federal Reserve rate hike in October. The probability of a 25-basis-point increase reached 69.7% on September 23, up from 55.4% a day earlier, as stronger-than-expected U.S. economic data renewed inflation concerns.
The September flash composite PMI jumped to 58.4, its strongest reading since July 2021, while input-cost pressures accelerated. Fed Governor Michael Barr said further policy adjustments are likely to ensure inflation returns to target. Treasury yields also climbed as traders repriced the outlook.