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Chance of December rate hike surpasses cut after Fed meeting, Brian Sullivan notes

Chance of December rate hike surpasses cut after Fed meeting, Brian Sullivan notes
Fed meeting shifts toward rate hike

Brian Sullivan highlights the unexpected shift in tone at the latest Federal Reserve meeting, describing it as much more dramatic than anticipated.

He points out that the likelihood of a rate hike by December now exceeds the chances of a rate cut. Sullivan also questions the rationale behind the previously projected 2024 rate cuts, suggesting that the Fed may reverse those by year end.

Sullivan has previously tracked key market milestones. He observed that the S&P 500 was just 0.04% away from matching a four-decade record of 10 consecutive weekly gains. He also reported that oil prices slipped to nearly $80 following positive sentiment from Iran peace talks. These updates come as central bank policy expectations shift.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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