United States inflation exceeds expectations, increasing pressure on the Federal Reserve to raise interest rates
US inflation exceeded market expectations as the Consumer Price Index rose 0.4 percent in October. Following the data, Fed Governor Christopher Waller stated that a 50 basis point hike in December must be considered. The 10-year Treasury bond yield rose more than seven basis points to 4.938 percent.
- The Consumer Price Index rose by 0.4 percent in October after seasonal adjustments.
- The US inflation exceeded market expectations.
- Fed Governor Christopher Waller stated a 50 basis point hike in December must be considered.
- The 10-year Treasury bond yield rose more than seven basis points to 4.938 percent.
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