U.S. CPI rose stronger than expected 0.4% in October; core rate rose 0.3%
Summary
Consumer prices in the United States increased more than anticipated in October, driven by a 0.4 percent rise in the headline index and a 0.3 percent gain in the core rate. Following this inflation data, a December interest rate increase is widely expected, with one Federal Reserve official indicating that a larger adjustment might be considered.
A December rate hike appears completely assured, with Fed Governor Chris Waller suggesting even a 50-basis-point move could be appropriate.
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