CME Data Shows a 90.5% Probability of Fed Pausing After July CPI Print
Expectations that the Fed will pause rate hikes after the latest CPI print stand at more than 90%, per the CME FedWatch tool.
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Oil prices extended 10-month highs on Wednesday. Meanwhile, annual inflation rose higher-than-expected to 3.7% in August.
Expectations that the Fed will pause rate hikes after the latest CPI print stand at more than 90%, per the CME FedWatch tool.
As a lightweight copy of Bitcoin, Litecoin underwent its 3rd halving event on August 2nd.
According to fed futures data, there is a nearly 99% chance that the Fed will hike rates by 25 bps on July 26.
June CPI report showed that inflation fell to 3% last month, while core CPI declined to 4.8%.
What can the Fed do in a sticky inflation situation?
Financial experts are clamoring for a more aggressive interest rate hike in a desperate attempt to slow down the racing inflation figures.
While the White House track record is spotty, the latest inflation framing has some merit.