Forex Majors
Forex Majors
Fed Rate Hike Odds Jump to Nearly 90% After Hotter-Than-Expected August CPI
August CPI rose 0.4% with core inflation at 2.4% annually, pushing CME FedWatch odds of a September Fed rate hike to nearly 90% ahead of the Sept 15-16 FOMC meeting.
Bearish for Gold & Bitcoin, Bullish for USD, Mixed for Nasdaq Forex MajorsConsumer Sentiment Sinks to Second-Lowest Level on Record as Inflation Expectations Surge to 4.6%
The University of Michigan's consumer sentiment index fell to 47.8 in September, its second-lowest reading since 1952, as one-year inflation expectations jumped to 4.6% amid surging fuel prices.
Bullish for Gold, Bearish for the Dollar on growth fears, Bearish for Nasdaq