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, with the overall index rising by 0.4 percent and the core rate advancing 0.3 percent. Following this inflation data, a December interest rate increase is widely expected by markets, while a Federal Reserve official noted that a larger adjustment might be suitable.
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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