Hot Core CPI Data Sends Prediction Market September Rate Hike Odds to 80%
September Fed hike odds surged toward 80% after hotter core CPI, leaving Kevin Warsh less room to wait on rates.
Prices for things are going up faster than expected, so people think the Federal Reserve will raise interest rates in September. When interest rates go up, it costs more to borrow money, which can slow down companies and make their stocks less attractive.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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