Fed Hike Odds Climbed but the Dollar Lost the Week

StoneX4 hours ago6:05

September Fed rate hike odds climbed toward 60% after U.S. payrolls nearly tripled forecasts, yet the U.S. dollar still finished the week lower. Fiona Cincotta, StoneX Senior Market Analyst, walks through how markets are repricing the September Federal Reserve meeting and what next week's data calendar puts at stake. Federal Reserve Governor Christopher Waller's remarks on progress in disinflation moved September pricing further than the 162,000 payrolls print did, which puts the focus on U.S. producer prices on Thursday and consumer prices on Friday. The European Central Bank arrives fully priced for a 25 basis point hike and the euro still cannot break higher, while eurozone inflation creeps up. In commodities, WTI crude rallied around 8% on the week after a 4.5 million barrel inventory draw and intensifying Middle East hostilities, ahead of the U.S. Department of Agriculture WASDE report on corn and soybeans. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - Payrolls Triple the Forecast 00:26 - Waller Shifts September Odds 01:29 - Yen Intervention Still Echoes 02:14 - ECB Hike the Euro Ignores 03:39 - Crude Breaks Out on a Draw 04:58 - WASDE Resets Corn and Soy Like and subscribe for more financial market insights. #FederalReserve #Forex #StoneX #FionaCincotta

Fed Hike Odds Climbed but the Dollar Lost the Week | PiQ Markets