Inflation Data, Potential Interest Rate Hikes, and Concerns Over Stock Market Volatility
PPI Astoria Real Assets ETF
$20.17 +0.55%
View chart & analysis → - 1The annual increase in the September Consumer Price Index (CPI) was recorded at 3.7%.
- 2The CME Group FedWatch tool indicated a 91% probability of an additional 25 basis point hike in December.
- 3Fed Chair Kevin Warsh warned that additional interest rate hikes could occur if inflation remains persistently high.
So what's the key point?
Prices rose by 3.7 percent, and there is a high possibility of further interest rate hikes. If prices stay high, interest rates may rise more, which could cause market instability.
Source The Motley Fool +1 · View original ↗
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