Looks like another rate hike might be in the cards. Not a good trend, Tariffs and the war are doing their thing. Stock market isn’t liking it.
Bonds are selling off sharply this morning following a hotter-than-expected October CPI print, with headline CPI rising 0.4% MoM (vs. 0.3% expected) anc core CP up 0.3% MoM (vs. 0.2% expected). The inflation data arrived on the heels of hawkish commentary from Fed Governor Christopher Waller, who earlier today backed a 25 bp hike at the December FOMC meeting and left the door open to a 50 bp move if inflation remains stubborn. The market is now fully pricing in a 25
bp December hike.
.
