Add as a preferred source on GoogleFed Futures Put December Rate Hike Odds at 85.3% After October CPI
Monthly CPI growth slowed from 0.6% in September; the futures figure was measured Nov. 10 and concerns the Dec. 8-9 Fed meeting.
U.S. consumer prices rose 0.4% in October, down from September’s 0.6% monthly gain, while futures put the chance of a December Federal Reserve hike at 85.3% on Nov. 10.
The October increase was measured month over month. The futures estimate refers to the Fed’s Dec. 8-9 meeting and reflects market pricing, not a decision by policymakers.
An earlier Fed expectations survey found 93% of respondents expected the central bank to hold rates at its Oct. 27-28 meeting, while 76% forecast a hike at the separate Dec. 8-9 meeting. The two survey percentages covered different meetings.
The Fed’s next scheduled policy meeting is Dec. 8-9.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.