#USCPIDecemberRateWatch

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About USCPIDecemberRateWatch

US October CPI is due Nov 10 at 13:30 UTC. Headline inflation is expected to rise 0.3% MoM, down from 0.6%, while core CPI is forecast at 0.2%, versus 0.3% previously. October payrolls rose by 165K and unemployment fell to 4.1%, lifting market odds of a 25 bps December Fed hike to ~80%. With hiring stronger than expected and hike bets elevated, could the CPI data change expectations for December’s rate decision?

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