Traders see a 42.6% likelihood that the fed-funds rate target will get to between 5% and 5.25%, or even higher, by next March after Thursday’s hotter-than-expected consumer-price index report for September. That’s up from 6.1% on Wednesday, according to the CME FedWatch Tool. The CPI report also cemented a 95.8% chance of a 75-basis-point rate increase in November, and resulted in a 61.3% chance of another hike of that size in December. Financial markets reacted to the report by driving all three major U.S. stock indexes lower Thursday morning, while pushing 6-month through 20-year Treasury yields further above 4%.
DE 40 forecast: the index resumed growth after correction
The DE 40 stock index continues to recover after the correction, with the uptrend remaining intact. The DE 40 forecast for today is positive. DE