Ben Emons predicts Fed may hike before December, citing inflation data over midterms

Ben Emons of FedWatch Advisors argues markets are underpricing a Fed rate hike at the October meeting, expecting one or two more hikes as inflation pressure builds. While CME data shows only a 16% chance of a hike, Emons says policymakers prioritize real-time inflation figures over lagging midterm election data. He also warns that sustained energy-driven inflation and potential slowdowns in AI-related cloud stocks could signal a 'stallflation' scenario.