Fed rate hike looks on track as October CPI nears

World News

Fed rate hike looks on track as October CPI nears

The Federal Reserve looks all but certain to raise interest rates again soon unless inflation has suddenly cooled, according to MarketWatch. October's consumer-price index, due Tuesday, is expected to show inflation stayed stubbornly high.

The Federal Reserve seems all but certain to raise interest rates again soon unless inflation has suddenly cooled, and MarketWatch reports no sign of that. Rising prices point to the Fed lifting borrowing costs before Christmas.

October's consumer-price index, due out Tuesday morning, is expected to confirm that inflation remained stubbornly high. MarketWatch flags one big catch in the CPI report for readers to watch.

Source: MarketWatch (snippet-based)

Trading involves risk.

Author

PrimeXBT

Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...

Read author’s articles

Risk Disclaimer

Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.