Rate hike odds drop from 55% to 32% after cooler inflation data
Following cooler CPI and PPI inflation data, market odds of a rate hike dropped from 55% to 32%, with multiple sources noting the Fed is watching the data and that rate hike fears have lowered. The softer inflation prints reduced expectations of further monetary tightening.
Detected & updated continuously · Source: Nebula
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@AshCrypto
PPI & CPI inflation dropped to a 4-month low. Odds of rate hike dropped from 55% to 32%. Bullish for markets. https://t.co/lCDe1Zhcoo
@cryptogoos
🇺🇸 US PPI and jobless claims drop at 8:30 AM ET. Yesterday’s cooler CPI lowered rate hike fears. Today’s data could push those odds even lower, or bring them back. Prepare for volatility. https://t.co/BI0jIABgJF
@seth_fin
JUST IN: PPI MOM 0% EXP 0.2% PREVIOUS -0.3% CORE PPI 0.2% EXP 0.3% INITIAL JOBLESS CLAIMS 209K EXPECTED 202K Cooler than expected PPI While Jobless claims going higher than expected The Fed is watching this and odds of rate hikes will go down further