US October CPI is due at 21:30 UTC on 10 November and PPI at 21:30 UTC on 13 November, alongside speeches from several Federal Reserve officials. After October non-farm payrolls rose by 165,000 and unemployment fell to 4.1%, LSEG data showed futures implying about an 80% chance of a December rate rise, with ING expecting headline and core CPI to rise 0.3% month on month.
The story so far: December Fed rate hike odds
CME FedWatch showed an 86% chance of a 25 basis point Fed rate rise in December in late October. After October nonfarm payrolls rose 165,000 and unemployment fell to 4.1%, LSEG data showed futures implying about an 80% chance of a December rate rise, with October CPI due 10 November and PPI on 13 November.
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US October CPI and PPI in focus as rate-hike bets build
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