Market Reacts to CPI with Speculation on Fed's Next Move
TL;DR Summary
Traders increased their bets on a December interest rate cut by the Federal Reserve following inflation data that met expectations, leading to a rally in Treasury debt and a drop in two-year note yields. The probability of a rate cut on December 18 rose to about 80%, up from 56% earlier in the day, with traders pricing in significant rate reductions through June.
- CPI Report: Traders Boost Bets on December Fed Rate Cut After In-Line Inflation Bloomberg
- What the Fed’s interest rate cuts mean for your money CNN
- Mortgage Rates Fell, Then Rose. What Comes Next? The New York Times
- Live: Analysis of US CPI Report for October Bloomberg
- Trump’s Policies Could Mean Fewer Fed Rate Cuts. What That Means for Stocks. Barron's
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