WALL STREET WARNS FED COULD HIKE RATES IN BOTH DECEMBER AND JANUARY

Northlight Asset Management says October's hotter-than-expected CPI report raises the prospect of back-to-back Fed rate hikes.

CIO Chris Zaccarelli expects a 25-basis-point increase in December, with a larger 50bps move also under discussion.

A second 25bps hike in January, previously considered unlikely, is now a possibility.

A more aggressive Fed tightening cycle could become a major headwind for stocks in 2027.

Source: Northlight Asset Management