Hot US October inflation raises odds of a half-point Fed hike in December
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US consumer prices rose 0.4% month on month in October, above the 0.3% forecast, while core inflation was 0.3% versus 0.2% expected, after September’s 0.6% rise. The Federal Reserve’s benchmark rate stands at 3.75–4.00%. Governor Christopher Waller said another core reading of 0.3% or higher could justify a 50-basis-point hike at the December meeting, shifting markets beyond a quarter-point move and prompting crypto experts to warn that tighter policy could curb investment.
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