Markets move sharply, pricing 71% probability of October Fed hike
1 Yesterday 1:20 PM · 11h ago · 1 article · 8 comments · 2 sources · development 1 of 2
Traders assigned a 71% probability to a rate hike at the October 27-28 FOMC meeting following Barr's remarks and the hot PMI data. The policy-sensitive 2-year Treasury yield surged by more than 13 basis points, reaching 4.9%.
“In my base case, further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion.”
Michael Barr, Federal Reserve Governor · rss ↗Michael Barr Federal Reserve Governor
Susan Collins Boston Federal Reserve PresidentAlberto Musalem St. Louis Federal Reserve PresidentChris Williamson Chief Business Economist, S&P Global Market Intelligence
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What was reported 2 claims about this development
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first by Quartz, 11h ago
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first by CNBC, 12h ago
What people said 8 voices · verbatim
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Tanking the economy is worse. People voted for this, gotta wait it out. But you can’t cause a recession just because inflation is 3% instead of 2%. How are you gonna buy food if unemployment explodes? The economy is on the brink, completely hidden by the AI debt-laden circular economy. What do you think will happen when you make it harder for the…
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Wait for what? 5% inflation? 10% inflation? Maybe the US shouldn't have 40 trillion in debt in the first place you think? But if you're so scared of the debt, you can sleep tight at night we would need $160+ trillion in debt before ~99.999% of tax revenues go to interest payments.
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USA policy is to push inflation higher, and pretend that interest rates should go lower. How simple do we have to say it, and show how stupid you are in America? I can't imagine a world where stupidity I'd this endemic in a population.
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I mean if you ignore whether people can buy food. Also, it prevents all future spending because the currency is worthless. I feel like you may be economically illiterate.
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No, it’s not. It helps the US pay less interest on its sovereign debt. Just wait for the war to be over, there’s no need to tank the world’s economy.
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yes that is the point to slow economic activity, sucks for everyone but blame the people that got us in this fiscal mess and it isn't the Fed
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If you don’t know why cutting rates is bad, just look at Turkey. Let the adults do the work kiddo; you’re way over your head
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I don’t understand what they’re doing, they’re gonna destroy the economy, worse, they’re gonna tank the stock market.
All 2 developments of Fed's Barr signals more rate hikes needed; markets price… →
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