Wall Street was recently able to put inflation worries on the back burner, as traders focused on the midterm elections and swings in tech stocks. That’s over now.
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Market spooked because now the Fed may need a supersized hike in December
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Wall Street was recently able to put inflation worries on the back burner, as traders focused on the midterm elections and swings in tech stocks. That’s over now.
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Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business
US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.
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Trump’s Fed nightmare: Rates won’t be slashed. They could surge now
The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.
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Despite Treasury's Scott Bessent's remarks, financial tracker CME Fed Watch forecasts rate hike in December likely.
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