Traders are betting the Fed could raise interest rates by 1% this month
https://www.cnbc.com/2022/07/13/traders-bet-the-fed-could-ra…
After June’s super hot consumer inflation report, traders in the futures market immediately began to bet the Federal Reserve could raise interest rates by as much as 1% later this month.
ralph
Possible quickening of the tumble in real estate could accelerate on this news.
That 1% hike is seen in the futures will put a lot more pressure on commodities including oil.
Expect the USD to continue appreciating.
This seems like a solid bet to me, given this:
https://www.cnbc.com/2022/07/14/fed-governor-waller-says-hes…
The Fed is practically saying “+1% in July” without actually saying it. They want to hit the brakes harder.
House across the street, up for sale for 3 weeks now, just got a price cut. Small, but still. No offers, price cut. A few others in the neighborhood have done this as well. As little as 2-3 months ago homes would sell for $50-100k over ask around me.
Real estate is cooling. Gasoline is dropping. GDP looks to be shrinking. Over the past 30 days tech and growth stocks are out-performing value stocks.
And then we have this: “ARK’s Wood says Fed is making a ‘mistake’, sees stocks bottoming”
https://stocks.apple.com/Av1jNMJMUSleM4KfRwwXElw
I’ve lost the ability to foresee what will happen anymore.