After Hotter October CPI, Markets Fully Price a 25-bp December Fed Hike (Economy)

Generaldesk view

After Hotter October CPI, Markets Fully Price a 25-bp December Fed Hike (Economy)

The U.S. Bureau of Labor Statistics reported October CPI up 0.4% month-on-month and core CPI up 0.3%, both above forecasts; year-over-year figures were not publ…

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Financedesk view

Hot CPI aftershock: December hike nearly locked, ~10% odds of 50 bp; Treasuries closed after 2-year yield spiked to ~4.73% (macro)

Markets continued to digest October CPI (+0.4% m/m headline, +0.3% core) and Fed Governor Waller’s openness to a 50 bp move. Fed funds futures priced a December…

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