Fed Rate Hike Odds Rise to 61% After PPI Comes in Hotter than Expected

Hotter producer prices strengthen bets on a Fed rate hike

US producer prices rose, increasing rate hike expectations for the Federal Reserve. Traders now price a seventy percent chance of a quarter-point increase next week. Consumer inflation data due Friday will further influence the central bank's decision. Renewed Middle East conflict complicates the inflation outlook with rising oil prices. Market pricing suggests traders anticipate at least one rate hike by year-end.

Fed Rate Hike Odds Rise to 61% After PPI Comes in Hotter than Expected

Wholesale inflation ran hotter than expected in August, and prediction market traders wasted no time repricing next week’s Federal Reserve decision. Odds on Polymarket for a 0.25% Fed rate increase next week jumped from 54% yesterday to 61% this morning after the Bureau of Labor Statistics released the Producer Price Index data. The move flips […]

Energy Costs Push Wholesale Inflation Rate To 5.4%

The New York Post reports: Wholesale inflation in August saw its strongest increase in three months, largely driven by higher energy costs – as the Federal Reserve weighs whether to raise interest rates next week to stem rising prices. The Producer Price Index jumped 5.4% in August over the past 12 months, up from a … The post Energy Costs Push Wholesale Inflation Rate To 5.4% appeared first on Joe.My.God..

Wholesale inflation rises by most in 3 months ahead of Fed interest-rate decision

Wholesale inflation in August saw its strongest increase in three months, largely driven by higher energy costs – as the Federal Reserve weighs whether to raise interest rates next week to stem rising prices.

US Dollar Index Rises After Hot PPI Boosts Fed Rate Hike Bets

The US Dollar Index strengthened on Thursday after hotter-than-expected US producer inflation increased expectations for a Federal Reserve interest rate hike at next week’s policy meeting. The Producer Price Index (PPI) for final demand increased 0.4% month over month in August and 5.4% from a year earlier, according to the latest data. Annual producer inflation came in slightly above the 5.3% economists had expected and accelerated from 4.7% in…

Probability of Fed Rate Increase Surges to 70% Following Inflation and Oil Price Surge

Fed rate hike probability hits 70% after August PPI climbs 0.4% and oil surges past $100. Traders await Friday's CPI data for final confirmation.