Hot inflation lifts Fed hike bets and hammers Treasuries and gold
Hot US inflation has markets pricing a December Fed hike, with Treasuries heading for their worst week since April and gold leading commodity declines. PPI is due at 8:30 AM ET.
US inflation (CPI, year on year)
3.7% +0.40 pts · 3 yr
Not yet known
- Whether the Fed will raise rates in December
- Whether the PPI release due at 8:30 AM ET will show further inflation pressure
- Whether the Treasuries sell-off will extend beyond this week
- Whether gold's decline among commodities will continue
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.