Hot Core CPI Data Sends Prediction Market September Rate Hike Odds to 80%
September Fed hike odds surged toward 80% after hotter core CPI, leaving Kevin Warsh less room to wait on rates.
Price at publishQQQ 715.65 / +0.98%SPY 764.68 / +0.90%September Fed hike odds surged toward 80% after hotter core CPI, leaving Kevin Warsh less room to wait on rates.
Price at publishQQQ 715.65 / +0.98%SPY 764.68 / +0.90%After U.S. core inflation exceeded expectations, interest-rate swap markets raised Fed hike bets further, pricing a 90% probability of a hike next week and fully pricing two hikes this year. Schroders global head of economics David Rees said the Fed could raise rates next week and let short-term borrowing costs rise i…
Price at publishQQQ 716.65 / +1.12%SPY 765.47 / +1.01%After the latest CPI inflation data, markets on Friday increased bets that the Federal Reserve will raise interest rates at next week's meeting. Data from the U.S. Bureau of Labor Statistics showed core CPI rose 0.3% month over month in August, above economists' 0.2% forecast. Market pricing now implies about an 85% c…
Price at publishQQQ 713.98 / +0.75%SPY 762.83 / +0.66%Nick Timiraos said that in the August CPI, core services inflation excluding housing rose 0.51% month over month, the highest since January, and 3% year over year. Core goods inflation rose 0.11% month over month and 0.7% year over year. Housing inflation rose 0.26% month over month and 3% year over year.
Price at publishQQQ 714.45 / +0.81%SPY 763.17 / +0.70%U.S. consumer prices accelerated in August as gasoline costs rebounded after two monthly declines, reinforcing market expectations that the Federal Reserve could raise rates next week. The U.S. Bureau of Labor Statistics said Friday that CPI rose 0.4% month over month after a modest 0.1% increase in July. Consumer inf…
Price at publishQQQ 714.09 / +0.76%SPY 762.95 / +0.68%