
US stock marketSingle source
Softer US inflation lowers traders’ bets on an October Fed rate hike
US inflation came in below expectations in August, reducing traders’ bets on a Federal Reserve rate hike as soon as October. LSEG data put the implied probability at about 35%, down from roughly 45%.
- A below-forecast PCE reading reduced expectations of an October Fed rate hike.
- The implied probability of an October hike fell from roughly 45% to about 35%.
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