US August Inflation Hotter Than Expected, Fed Rate Hike Odds Rise
August PCE inflation came in hotter than forecast, pushing market pricing for a September Fed rate hike above 85%. This complicates Fed Chair Kevin Warsh's position amid potential White House pressure. USD strength likely as markets reprice terminal rates higher; EUR/USD and GBP/USD vulnerable to downside.
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43 min ago
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| βοΈIs Forex Trading in UK Legal? | Yes |
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