Traders price ~90% Fed rate-hike odds next week
Traders Now See About A 90% Chance Of A Fed Rate Hike Next Week, Vs About 70% Before The Inflation Report
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Traders Now See About A 90% Chance Of A Fed Rate Hike Next Week, Vs About 70% Before The Inflation Report
Traders now price about a 90% chance of a Fed rate hike next week, up from about 70% before the inflation report.
The U.S. labor market cooled in June with employers adding 57,000 jobs, falling short of the 110,000 economists had expected and sharply decelerating from May’s reading of 129,000. The unemployment rate edged down to 4.2%, below the 4.3% consensus. Average hourly earnings rose 0.3% on the month, matching the 0.3% expec
Federal Reserve Chair Kevin Warsh used his first international appearance to reaffirm the central bank’s fight against inflation, telling a packed policy panel at the European Central Bank’s Sintra forum on Wednesday that “prices are too high,” while pointedly refusing to hand markets a signal on the July meeting. • SP
Gold's price movement may be determined by Thursday's inflation report as it balances the effects of a hawkish Fed and progress in US-Iran peace talks