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After the CPI data was released, the probability of a rate hike surged, while BTC and ETH spiked briefly: Why are rate hike expectations diverging from price trends?

The U.S. Bureau of Labor Statistics reported that August CPI rose 3.4% year-over-year, in line with expectations; month-over-month growth was 0.4%, also matching expectations. However, core CPI, excluding food and energy, rose 0.3% month-over-month, above the market estimate of 0.2%. This slight deviation changed the direction of Interest Rate market pricing. According to Gate event market data, after the CPI data was released, market pricing for the probability of the FED raising Interest Rates
BTC1.03%
ETH3.48%
GLDX1.23%
PAXG0.93%
GAS3.32%
GateInstantTrends·21m ago
After the CPI data was released, the probability of a rate hike surged, while BTC and ETH spiked briefly: Why are rate hike expectations diverging from price trends?

US 30-Year Mortgage Rate Hits 6.76%, 14-Month High Amid Bond Yield Surge

The U.S. 30-year mortgage rate reached 6.76% this week, marking a 14-month high, according to Freddie Mac's latest report. The increase from the previous week's 6.71% is attributed to rising global bond yields, which have elevated mortgage financing costs. This represents the highest level since
LucasBennett·1h ago
US 30-Year Mortgage Rate Hits 6.76%, 14-Month High Amid Bond Yield Surge

Fed's September Rate Decision Hinges on Precise PCE Inflation Forecasts

The Federal Reserve's September rate hike decision depends on highly precise inflation forecasts, according to Bloomberg chief U.S. economist Anna Wong. Wong stated her team operates on 1000th decimal points for Personal Consumption Expenditures (PCE) inflation forecasts, emphasizing how close the S
LucasBennett·1h ago
Fed's September Rate Decision Hinges on Precise PCE Inflation Forecasts

Israel's Distrust of UN Grows Amid Perceived Bias and Critical Resolutions

Israel's distrust of the United Nations has grown amid perceptions of heightened hostility and biased resolutions against the country, The Jerusalem Post reported. The sentiment emerges as the UN continues to pass critical resolutions, reflecting Israel's diplomatic isolation in international
CryptoFrontier·1h ago
Israel's Distrust of UN Grows Amid Perceived Bias and Critical Resolutions