| Key Points The odds of a Fed rate hike next week rose to 70% after a report showing increasing wholesale prices, and after oil jumped past $100 a barrel. In addition, the market now views a second increase before the end of the year as a possibility, following accelerated inflation fears. The Fed gets one last inflation report before its meeting next week, when the consumer price index comes out Friday morning. |
The Fed has to raise rates by 0.25% next week for stocks to at least drop less
The expectation is that if the Fed holds, stocks will drop even more