Inflationary pressures persist despite falling gasoline prices, with potential Fed rate hikes
BAC Bank Of America Corp
$50.55 +2.29%
View chart & analysis → - 1The Energy Information Administration reported that gasoline prices fell by more than 4% in October.
- 2Bank of America's annual headline inflation estimate is 3.8%, while the core inflation estimate is 2.7%.
- 3The market is pricing in a more than 80% probability of a Fed rate hike in December.
So what's the key point?
Gasoline prices fell by more than 4% in October. The market sees a high possibility of the Fed raising interest rates in December.
Source CNBC · View original ↗
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