IG's Weston Sees 40% Chance of Dec. Fed Hike

The video discusses the impact of recent economic data on Fed expectations and market reactions. Despite a positive payrolls report, Fed funds futures remain unchanged, indicating limited market movement. The dollar index saw significant movement due to market positioning and sentiment. The discussion also covers potential future indicators, such as CPI numbers, that could influence market trends.

What does the Fed funds future indicate about the December meeting?

How did the dollar index react to the payrolls report?

What was the market sentiment towards the dollar prior to the recent changes?

What does the term 'short covering rally' refer to in the context of market trends?

What are the implications of a core CPI number at or above 2%?