CPI Exceeds Expectations May Lead to Fed Rate Hike in December

On November 10, BeiChen Lin, a senior investment strategist at Russell Investments, pointed out in a report that even a slight exceedance of expectations in the U.S. CPI data for October could make a rate hike by the Federal Reserve in December a certainty. Due to strong employment reports and signs of economic resilience, the Fed's patience regarding inflation will diminish. In addition to the main inflation data, the broad extent of inflationary pressures is also a key focus that will influence future monetary policy decisions. High mortgage rates are dragging down the housing market, which helps to curb some inflationary pressures.

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