The Federal Reserve shifted from expected rate cuts to renewed tightening after a 25 basis point hike in September, the first since 2023. October CPI rose 0.4 percent month over month, with core CPI at 0.3 percent, and nearly 88 percent of traders expect another 25 basis point increase at the December 8 FOMC meeting. Chicago Fed President Austan Goolsbee called recent readings borderline disturbing, while Fed Governor Christopher Waller said a hot report could justify a half point move. OCBC's Chester Liaw expects a 25 basis point hike in December, and PGIM's Robert Sockin projects about 100 basis points of additional increases over the next year. Sockin also warned tariffs could rise through executive action if Democrats control Congress next year, adding to inflation risks. Business owners face higher borrowing and potential import costs, prompting reassessments of debt structures, pricing, and spending.
Learn more on this news by visiting us at: https://greyjournal.net/news/
","author_name":"GREY Journal"}