FED COULD ACCELERATE RATE HIKES AFTER HOT INFLATION REPORTThe Fed may face a choice between a 50-basis-point hike in Dec | Hanami
FED COULD ACCELERATE RATE HIKES AFTER HOT INFLATION REPORT
The Fed may face a choice between a 50-basis-point hike in December or back-to-back increases in December and January, according to WSJ's Nick Timiraos.
Core CPI rose 0.3% in October, beating expectations and marking the third consecutive monthly increase of that size.
Fed Governor Christopher Waller warned that another hot reading could justify a 50bps hike, though other officials have yet to endorse the move.
The inflation report raises the likelihood of additional rate hikes in 2027.