Today, three Regional Fed Presidents—Waller, Logan, and Schmid—spoke, all taking a hawkish stance. The most significant data before the next Fed meeting is the non-farm payroll report in early December. Currently, the issue isn’t whether rates will stay steady or rise, but whether they’ll increase by 25 or 50 basis points. The shift has been somewhat abrupt over the past week and will certainly be reflected in market pricing. Friday’s CPI data could also trigger sharp price movements, as market expectations for CPI are frequently missed, making surprise figures likely to move markets. #gold #bitcoin #stockmarket
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