Hot CPI: October Prices Jump 0.4%—More Than Expected, Rate Hike Odds SurgeOctober’s Consumer Price Index rose 0.4% month | Hanami
Hot CPI: October Prices Jump 0.4%—More Than Expected, Rate Hike Odds Surge
October’s Consumer Price Index rose 0.4% month-over-month (vs. 0.3% expected), with core inflation (excluding food and energy) up 0.3% (vs. 0.2% expected). The hotter-than-forecast reading reinforces expectations for a Federal Reserve rate hike in December. Polymarket traders price in an 88% chance of a hike.