A 75-basis-point rate hike next week is almost priced in, according to Investing.com’s. But the upside inflation seen earlier this week and the ongoing strength in the labor market have some betting on higher for longer rates.
The upside surprise in inflation, “coupled with the recent improvement in growth momentum and an uptick in labor demand, have led us to revise our outlook for the Fed once again," Jefferies said in a note, forecasting the Fed to hike until its benchmark rate reaches 4.6%.
KEEP HARD
Bidens fault
Soon we will witness and cheer our birth - CORE
We add a word of caution: S&P briefly touched 3,888, at which point more computer selling possible, but then closed at 3,901. TOMORROW IS $3.2T OpEx. It’ll be a very interesting day tomorrow.
Shame on the Biden Admin. Hucksters.
Hilarious. The bulls coped themselves into not believing the FED, created their own narrative and QE pivot estimations, and panic when they fought the fed and lost
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