US Oct CPI Rises More Than Expected, Boosting Bets on 50bp Rate Hike in December

Published: Nov 11, 2026 09:09 (GMT+8)

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[SMM Precious Metal Express] US October CPI rose 0.4% month-on-month, with core CPI up 0.3%, both exceeding market expectations and reaching the "significant rate hike threshold" previously mentioned by Waller. The Bureau of Labor Statistics said that due to last year's government shutdown, no year-on-year CPI data for October will be published, leaving markets pricing in a "semi-blind" state with only month-on-month figures, naturally amplifying volatility. Markets raised bets on a 50bp rate hike in December.

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