Fed policy: December hike seen sealed with 50bps risk – TD Securities
TD Securities’ macro research team argues that the upside US CPI surprise and firm Core PCE projections make a December Fed rate hike virtually certain. They still favor a 25bp move but see rising odds of an additional hike in early 2027 and consider a 50bp “catch-up” move in December as a clear possibility, pending PPI data and further Fedspeak.
We haven't written up this one. FXStreet has the full story — the link below goes straight to it.
