• TRM (USD/COP)COP 3,316.70 +0.45% +COP 14.79Colombia's official exchange rate (Financial Superintendence), valid Nov 14 to Nov 17
  • EuroCOP 3,665.63 +0.45% +COP 16.34Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 178.38 +0.44% +COP 0.79Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Fed heads toward a December rate hike as the market already anticipates another increase in January

FinanceInternationalBloomberg LíneaAI summary
Image: Bloomberg Línea

Federal Reserve officials this week consolidated expectations of a December rate hike and opened the possibility of consecutive increases, something not seen since 2023. The October inflation reading, which accelerated, and rising wholesale prices reinforced the debate. Investors already price in quarter-point increases in December, January and March. The Fed raised rates a quarter point in September, to a 3.75%-4% range, and held them steady in October.

In 30 seconds

  • Fed officials reinforced expectations of a December hike and left the door open to consecutive increases.
  • October inflation accelerated and wholesale prices rose at their fastest pace since 2022.
  • The market already prices in quarter-point hikes in December, January and March.
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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