·Confidence 85%·Breaking
Rate-Hike Odds Surge Following August CPI Data Release
HOTSPX ↓ ModerateUSD ↑ Strong
Key takeaways
- SPX: SPX — Moderate bearish
- USD: USD — Strong bullish
- Despite the lowest core consumer price inflation since 2021, rate-hike odds have soared to over 90%, indicating a likely 25bps increase by the Fed next week.
Analysis
Despite the lowest core consumer price inflation since 2021, rate-hike odds have soared to over 90%, indicating a likely 25bps increase by the Fed next week.
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