Markets price in two Fed hikes this year after CPI report
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%Market reaction
1m5m15m30m60mBefore QQQ0.02%0.05%0.08%0.30%0.51%After QQQ0.03%0.07%0.10%0.17%0.29%Before SPY0.03%0.06%0.08%0.31%0.43%After SPY0.01%0.08%0.08%0.04%0.03%