Hotter-than-expected inflation data bolsters the prospect of another Fed rate hike in December

Source link: Hotter-than-expected inflation data boosts chances of Fed rate hike again in December Chris Zaccarelli of Northlight Asset Management predicts the Fed will raise interest rates by 25 basis points in December; This prediction was made after the publication of another inflation report, which was higher than expected. He believes that the Federal Reserve will rate b

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Chris Zaccarelli of Northlight Asset Management predicts that the Federal Reserve will raise interest rates by 25 basis points in December; This prediction was made after the publication of another inflation report, which was higher than expected.

He believes that the Federal Reserve will keep the interest rate unchanged at the October meeting; A decision that can be partly influenced by the nearness of the US mid-term elections.

Despite the possibility of an increase in interest rates, Zaccarelli expects the stock market to maintain its resistance; However, the uncertainties related to the elections may lead to market fluctuations in the short term.