๐จ THIS IS GETTING UGLY US
The worst possible welcome gift for a new Fed Chair.
๐ CPI rises to 3.8% โ highest in 3 years
๐ Core CPI hits 2.8% โ highest in 8 months
Both Trump and Warsh pushed for rate cuts but inflation may have just killed that idea.
๐ฅ Rate cut odds collapse below 3%
โ ๏ธ Rate hike odds jump above 35%
If the Fed is forced to hike again to fight inflation, markets could face serious pressure. ๐