Opened my portfolio and it's all red, my wallet shrank more than expected. - - As soon as the U.S. September CPI data dropped, the probability of a 25 basis point rate hike in October jumped from 21.6% to 53.7%, more than doubling! For the Fed, this is the most uncomfortable scenario, completely shattering the market's partial expectations of inflation naturally cooling down and monetary policy quickly shifting to easing. The one who should be most anxious right now is probably Trump. The midterm elections are just around the corner, gotta do something, right? If inflation doesn’t come down, the "King of Knowing" might have to think of another plan. Next key date: October 27–28 FOMC. Stay low-key for the next half month!