Inflation
October Inflation Tops Forecasts at 0.4%, Putting December Rate Hike Back on the Table
via Fox 17 News
October's Consumer Price Index rose 0.4% month over month, coming in above the 0.3% forecast from Wall Street economists. The hotter-than-expected reading rattled bond markets and pushed the probability of a December Fed rate hike to roughly 85%, according to CME FedWatch data.
Why it matters
Persistent inflation keeps borrowing costs elevated across mortgages, credit cards, and auto loans, stretching household budgets heading into the holiday season.


