The Fed's closely tracked core PCE inflation gauge came in at 2.8% for September—right on target with market expectations. Following the release, odds of a December rate cut jumped 4 percentage points, now sitting at 95.2%. Markets seem increasingly confident the central bank will ease again before year-end.

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CodeZeroBasisvip
· 21h ago
Wait, 95.2%? Isn’t that number crazy? Feels like the rate cut is already a done deal.
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LayerZeroHerovip
· 21h ago
It looks like the December rate cut is already a done deal, the market reacted really fast this time... But getting this excited over a PCE of just 2.8% feels a bit over the top, doesn’t it?
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PumpStrategistvip
· 22h ago
95.2%? Ha, you should be cautious as soon as you see a number like that. When the market has such a high level of certainty, it usually means everything is already priced in and there's no story left to tell.
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GhostAddressHuntervip
· 22h ago
2.8% hit expectations exactly, and the market bought into it this time... 95% probability of a rate cut by the end of the year? That's a bit absurd.
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