Bonds reel as hot inflation fuels jumbo Fed hike fears
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Global bonds tumbled on November 11 after a hot US inflation print raised fears of a large Federal Reserve rate hike.
- ✓Core inflation hit 0.3% in October, exceeding forecasts.
- ✓While markets expect a quarter-point move, some officials suggest a bigger jump.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
SYDNEY, Nov 11 (Reuters) - Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.
Data showed overnight core US inflation ran at a monthly rate of 0.3% in October, higher than the forecast 0.2%. Before the data landed, Fed Governor Christopher Waller said a core reading of 0.3% would prompt him to consider a 50-basis-point hike at the next meeting in December.
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Dallas Fed President Lorie Logan said two more rate rises were needed, possibly rapidly, and Chicago Fed President Austan Goolsbee warned of a "real inflation issue" on hand, while Philadelphia Fed President Anna Paulson called for gradual rate hikes.
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Reuters
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