Economic TimesLean R·
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
Wall Street traders raised the odds of a .50% (or 50 bps) rate hike the US Federal Reserve on Tuesday after October inflation rose higher than expected, including a mark set by a key Fed official for considering faster rate hikes. The US Consumer Price Index climbed 0.4% on a monthly basis in October, a drop from the 0.6% in September, as energy inflation slid. But the core inflation, the index excluding volatile food and energy prices, climbed 0.3% for the third straight month, showing strong …
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