After the announcement of US CPI data, traders increased their bets on the Federal Reserve cutting interest rates
After the announcement of US CPI data, US short-term interest rate futures rose, and traders increased their bets on the Federal Reserve cutting interest rates.
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Federal Reserve Governor Waller has delivered the strongest hawkish signal so far, explicitly expressing support for a rate hike in December. He stated that if tonight's release of October's core CPI month-on-month increase remains at 0.3% or higher, the Federal Reserve should consider raising rates by 50 basis points, and warned that a mere 25 basis point increase could undermine the central bank's credibility in fighting inflation.
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