✉news BusinessBanking first seen 1 d ago, last 1 d ago, peak #28
Traders Pull Back on October Fed Hike Bets After Cool PCE Data
Traders are reducing bets that the Federal Reserve will raise interest rates again in October after new PCE inflation data came in cooler than expected. The figures, the Fed's preferred inflation gauge, suggest price pressures may be easing, lowering the perceived likelihood of further monetary tightening. Market participants are recalibrating expectations for the path of US interest rates ahead of the central bank's next policy meeting.
Why now: Fresh inflation data shifted expectations for the Federal Reserve's next rate decision, moving financial markets.
Evidence
- Traders Pull Back on October Fed Hike Bets After Cool PCE Data · Bloomberg.com
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