Fed Rate Hike Odds Rise to 61% After PPI Comes in Hotter than Expected

Fed Rate Hike Odds Rise to 61% After PPI Comes in Hotter than Expected

Wholesale inflation ran hotter than expected in August, and prediction market traders wasted no time repricing next week’s Federal Reserve decision. Odds on Polymarket for a 0.25% Fed rate increase next week jumped from 54% yesterday to 61% this morning after the Bureau of Labor Statistics released the Producer Price Index data. The move flips […]

Energy Costs Push Wholesale Inflation Rate To 5.4%

The New York Post reports: Wholesale inflation in August saw its strongest increase in three months, largely driven by higher energy costs – as the Federal Reserve weighs whether to raise interest rates next week to stem rising prices. The Producer Price Index jumped 5.4% in August over the past 12 months, up from a … The post Energy Costs Push Wholesale Inflation Rate To 5.4% appeared first on Joe.My.God..

Wholesale inflation rises by most in 3 months ahead of Fed interest-rate decision

Wholesale inflation in August saw its strongest increase in three months, largely driven by higher energy costs – as the Federal Reserve weighs whether to raise interest rates next week to stem rising prices.

Probability of Fed Rate Increase Surges to 70% Following Inflation and Oil Price Surge

Fed rate hike probability hits 70% after August PPI climbs 0.4% and oil surges past $100. Traders await Friday's CPI data for final confirmation.

Dow Jones Today Drops As Fed Rate Hike Bets Surge To 70%

The post Dow Jones Today Drops As Fed Rate Hike Bets Surge To 70% appeared first on Coinpedia Fintech News US stocks are sliding as oil climbs above $100 a barrel and August producer prices came in hotter than expected. PPI rose 5.4% year-on-year, above the 5.3% forecast, while core PPI jumped to 4.6% from 4.3%. September rate hike expectations rose to 70%, up from 60%. Dow futures are down 0.33%, Nasdaq futures down 1%, …