I am not an expert but I agree with this article. With the inflation still above 8% is more than 4 times the target of 2%. In my heart the recent rallies seems too good to be true. Maybe a correction is coming.
The Market Is Acting Like Peak Inflation Is Over. Not So Fast
Another reason for Fed to raise interest. Next important number is CPI. Regardless, the overall sentiments seems to justify another 75 basis points.Good luck all.
U.S. Job Growth Solid in September; Unemployment Rate Falls to 3.5%; U.S. Stock Futures Drop
Fed likely will go 75bsp later as market predicted. But if the next inflation still bad, i wont be surprise it will be 100bsp in the next rate hike. Brace for impact.
Fed Expected to Raise Rates By 75 Basis Points for Third Time in a Row