
Fed Expected to Hold Rates Amid Iran War and Hot Inflation, Rate Cut Expectations Pushed Back
U.S. stocks ended their winning streak after the Producer Price Index (PPI) came in hotter than expected, leading investors to anxiously await the Federal Reserve's upcoming rate decision, with the Fed now expected to hold rates and weigh the oil shock from the Iran war, pushing back expectations for a rate cut until at least December.
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Expectations for the next Fed rate cut get pushed back after hot inflation report
Futures markets took any realistic chance of a cut off the table until at least December.
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