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Economic dataCointelegraph

Hot US inflation raises odds of half-point Fed hike in December

Negative-14

GreyOak summary

US inflation data showed CPI rising 0.4% month-over-month in October, exceeding forecasts. This prompted Federal Reserve Governor Christopher Waller to suggest a potential 50-basis-point rate hike in December.

What it affects

  • US inflationNegative -14

    US CPI rose 0.4% MoM above forecast.Rolling sentiment Negative -44

Source

Read the original at Cointelegraph

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