✉news BusinessMarkets first seen 2 d ago, last 2 d ago, peak #22
October rate hike odds rise to 70% on strong PMI
Original: Middle Market Debt Weekly: October Hike Odds at 70% on a Five-Year-High PMI
Markets now put roughly 70% odds on an October interest rate hike after a purchasing managers' index hit a five-year high, according to Middle Market Debt Weekly. The stronger manufacturing and services data has tightened expectations for monetary policy, with implications for middle-market borrowing costs and leveraged lending across credit markets.
Why now: A five-year-high PMI has sharply raised expectations of an October rate hike, moving debt markets.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/191218