Fed officials signal more hikes; equity correction risk
Fed's Bowman and Logan point to more tightening while Bowman flags a risk of a large equity correction. Markets price an 84% chance of a December 25bp hike.
What we know
Fed governor Bowman said core PCE likely rose 3.3% in October and flagged risk of a large correction in equity valuations (per market news accounts). Logan reportedly said the Fed needs at least two more hikes. Markets are pricing 84% odds of a 25bp December hike and 11% for 50bp, per a markets commentator. Traders are watching 76.5K on BTC around CPI.
How the story developed
Fed's Bowman and Logan point to more tightening while Bowman flags a risk of a large equity correction. Markets price an 84% chance of a December 25bp hike.
Bitcoin is retesting a key support level after a roughly $10K weekly drop, as markets price a possible December Fed rate hike.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“FED'S LOGAN SAYS THE FED NEEDS "AT LEAST TWO MORE" RATE HIKES”
View post →“Market expectations for a 50 basis point hike have surged to 11%”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.