US Sept CPI Exceeds Expectations, Boosting Fed Rate Hike Odds to 33%

Published: Oct 15, 2026 09:27 (GMT+8)

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[SMM Precious Metal Express] US September CPI rose 3.7% YoY, exceeding the market expectation of 3.6%, and rose 0.3% MoM (expected 0.2%). Core CPI rose 2.6% YoY (expected 2.5%) and 0.6% MoM, marking the largest increase in nearly five months. Following the data release, market expectations for a Fed rate hike in October rose to 33%.

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