Sam Price: Fed Eases October Rate Hike Concerns

According to Twitter user Sam Price, expectations for a rate hike rose briefly after the release of the 3.7% Consumer Price Index data. However, Fed officials Daly and Bowman indicated that more rate hikes may be necessary, but they are not in a hurry to act before the end of October meeting, awaiting more data. This has led to a decrease in expectations for a rate hike in October, with bond market pricing subsequently showing a roughly 30% probability of a rate hike. Nevertheless, persistent inflation remains a significant factor, and the likelihood of a hawkish surprise in the short term has diminished.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.