FOMC Polymarket Odds: A Rate Hold Regains the Edge in October Pricing
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Goldman Sachs has shifted its forecast for the Federal Reserve's next interest rate hike from October to December following weaker-than-expected inflation data from the US. The bank stated that the latest data significantly reduces the likelihood of a rate hike at the October meeting, while also strengthening the possibility that the Fed may not need any further hikes for the remainder of the year. The core personal consumption expenditures data…
Key points of the news Inflation data: August's CPE figures turned out to be softer than expected, reducing market expectations about an increase in rates by the Federal Reserve in October and improving confidence towards risk assets. Market reaction: Bitcoin remained stable close to the Federal Reserve in ... Read more
🏦 Goldman Sachs no longer sees a Fed rate hike in October as likely; it has postponed its expectation of a second hike to December. 📉 In August, core PCE's annual increase fell to 3%, below market and Fed expectations. 📈 The US 10-year Treasury yield rose to 5.29%, its highest level since 2007. Read More: Inflation Slows, Forecasts Change: What Awaits Bitcoin? The article "Inflation Slows, Forecasts Change: What Awaits Bitcoin?" first appeare…
Analysis: Democratic Fed governor admits economy is roaring under Trump, and he hates it
Democratic Federal Reserve Gov. Michael S. Barr said Tuesday the economy is gaining momentum with resilient consumers, strong business investment and a capital-spending boom driven by artificial intelligence. He then admitted the Fed is moving to kill the growth even as core inflation is at its lowest level since before the Biden affordability crisis struck. […]
Fed Governor Barr Signals More Rate Hikes as Polymarket Odds Drop to 50%
TLDR Fed Governor Michael Barr said more rate hikes may be needed to bring inflation down to 2%. Barr said inflation risks have increased while risks to the labor market have cooled. The Fed raised rates in September for the first time since 2023. Polymarket odds of an October rate hike have fallen to 50% from a high of 70%. Traders are waiting on PCE inflation data this week and Friday’s September jobs report. Federal Reserve Board Governor Mi…
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