High impact

Bank of America reiterated its forecast for a Fed rate hike on October 28, citing inflation risks that could push core PCE to 3.4% by year-end, despite markets pricing only a 20% probability.

Bloomberg10/19, 07:55 PM

Market impact

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

USD
Would push up
DaysMedium confidence
A surprise hike against only 20% priced odds would force markets to rapidly reprice tighter Fed policy, supporting USD
US10Y
Would push up
DaysMedium confidence
A surprise October 28 hike against low priced odds would push Treasury yields higher as policy expectations repriced

What could change this

If the Fed holds as the 20% market pricing implies, BofA's call does not materialize and no repricing of USD or yields occurs.

101.75+0.12%vs previous close

-0.11%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.