Emons: Market Underprices Fed Rate Hike Before December
- —Emons expects one or two Fed hikes; market prices an October hold
- —September inflation was 3.7%, with the rate at 3.75–4.00%
- —Over half of the monthly CPI gain came from gasoline, BLS data show
- —Emons calls the backdrop 'stallflation' rather than stagflation
Why it matters: A more hawkish Fed would strengthen the dollar and add pressure on bitcoin and risk assets.
Source: BeInCrypto TR