Cointime reports: Federal Reserve officials’ hawkish remarks this week have largely cemented market expectations for a 25-basis-point rate hike in December and opened the door to consecutive increases in January. October CPI showed inflation accelerating, with wholesale prices rising at their fastest annual pace since 2022. Markets now price quarter-point hikes in December, January and March, up from just December and March previously.
Fed December Rate Hike Expected; Market Bets on January, March
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