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via finance.yahoo.comEconomy

U.S. Inflation Makes Further Fed Rate Rise in December Inevitable

FROM THE WIRE · FINANCE.YAHOO.COM

U.S. inflation remains too high for the Federal Reserve, making an interest-rate hike at the December FOMC meeting virtually inevitable, Julius Baer Chief Economist David Kohl said in a note. Continue Reading

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA likely Fed rate hike in December weighs on equities and bonds and can move the dollar and commodities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Julius Baer Chief Economist David Kohl says U.S. inflation remains too high for the Federal Reserve.
  2. 02According to the note, a rate hike at the December FOMC meeting is virtually inevitable.
  3. 03The analysis is reported in a research note from the bank.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Crude Oil WTICOMMODITY:WTICommodity87.21 USD-0.01%today +1.36%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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