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U.S. CPI rose stronger than expected 0.4% in October; core rate rose 0.3%

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CoinDesk
By Stephen Alpher
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U.S. CPI rose stronger than expected 0.4% in October; core rate rose 0.3%
Photo / Coverage: CoinDeskCredit: Stephen Alpher
EXECUTIVE SUMMARY

Ahead of the data, traders had fully priced in a Fed rate hike at the bank's December meeting.

Key Takeaways

  • CPI rose stronger than expected 0.4% in October; core rate rose 0.3%.
  • Ahead of the data, traders had fully priced in a Fed rate hike at the bank's December meeting.
  • Ahead of the data, traders had fully priced in a Fed rate hike at the bank's December meeting.

Ahead of the data, traders had fully priced in a Fed rate hike at the bank's December meeting.

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