Rate Hike on the Horizon: A Turning Point for the Fed? The Federal Reserve's next move has long been a topic of debate among economists and traders.
However, consensus is finally shifting in favor of an interest rate hike, with markets now pricing in an increase as soon as December, according to the CME Group's FedWatch tool.
The inflation numbers are stark: consumer and wholesale inflation posted multi year highs last week, while import and export prices reached levels not seen since the 2022 inflation spike.