Breaking
Posted 7 hours ago
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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Latest Updates
2 hours ago
US Inflation Rises to 3.4% in August, Core at 2.4%
US headline inflation accelerated to 3.4% year-over-year in August from prior levels, driven by higher energy costs, while core CPI reached 2.4%. Markets are pricing a >90% chance of a Fed rate hike this week. USD strength and 10-year yields near 5% reflect rate-hike expectations; EUR/USD and GBP/USD most exposed.
https://x.com/FirstSquawk/status/2099298753727656184New to MyTradingLand?
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