Wall Street buzzes over October CPI: Fed rate hike in December is a done deal, possibly by 50 basis points!
On Tuesday local time, an unexpectedly strong CPI report once again set Wall Street abuzz. The latest data, combined with hawkish remarks from Federal Reserve Governor Christopher Waller, have all but led traders to lock in expectations of a 25-basis-point rate hike in December, and they are even considering a larger 50-basis-point increase.
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