Barclays now forecasts the Fed will hike rates by 25bp in both December and January, revised from its prior forecast of a single December hike.

LiveSquawk10/16, 10:38 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

USD
Pushes up
DaysMedium confidence
A more hawkish Fed hike path raises USD assets' relative yield appeal
US10Y
Pushes up
DaysMedium confidence
Expectation of additional hikes pushes short-to-medium term yields higher
Gold
Pushes down
DaysMedium confidence
Higher expected rates raise the opportunity cost of holding non-yielding gold
Nasdaq
Pushes down
DaysMedium confidence
Higher expected rates raise discount rates applied to growth stock cash flows