đš BREAKING: U.S. Inflation Jumps Back Above 2.2%! đșđžđ
Inflation isnât cooling down â itâs back near 2.9% YoY, signaling that price pressures are once again heating up across the economy.
đŹ What this means:
Sticky inflation could delay or shrink expected Fed rate cuts.
Markets were betting on another 25bps cut in October, but the Fed might rethink that move.
The government shutdown has complicated things, leaving policymakers with limited data to guide decisions.
đ Macro Take:
Rising inflation = tougher stance from the Fed đŠ
A prolonged fight against inflation could hit risk assets and slow growth
But if inflation moderates again, rate cuts could return to the table đ
đ„ Looks like inflation decided to crash the party again â and traders are watching closely to see how the Fed reacts next.