Higher than expected inflation shakes markets: what to…
By Stanislav Bernukhov
Source excerpt · FinanceFeeds
This week's US CPI report came in stronger than expected, lifting the probability of a December rate hike higher once again. Even though Fed Chair Warsh reinforced expectations of a hold for the October’s meeting, markets now face a two-step event: a likely pause on October 28, followed by an interest rate hike on December 9. The inflation tightness that has been building since the summer refuses…