US September Inflation Beats Forecasts, Fed October Hike Risk Rises
Published 2 d ago6 sourcesEvidence: Reported
The Federal Reserve has signaled a reduced probability of another rate hike at its late-October meeting, following a 25bp increase in September that set the target range at 3.75%-4%. This marks a dovish shift in forward guidance, suggesting the tightening cycle may be nearing its end. The development matters as it could ease pressure on risk assets and support a softer dollar.
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The Federal Reserve has signaled a reduced probability of further rate hikes post-September, indicating a potential end to the tightening cycle. However, Citi has revised its forecast, now expecting a 25bp hike in December due to persistent inflation. This creates uncertainty regarding the Fed's near-term monetary policy trajectory.
Published 2 d ago6 sourcesEvidence: Reported
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