Hot CPI confirmed. December hike is priced in.

BLS Oct CPI:
Headline: +0.4% MoM, Expected +0.3%
Core: +0.3% MoM, Expected +0.2%

Core = 0.3% for 3rd month in a row.

Why it matters?
Waller said before CPI: If Core is 0.3%+, consider 50bps hike in December.

Core printed exactly 0.3%. Condition met.

December FOMC Dec 8-9:
Current: 3.75% - 4.00%
Base case: +25bps
Now on table: +50bps

No cut. No pause. Hike vs bigger hike.

Reaction:
2Y Yield +17bps, biggest jump since April 2025
10Y Yield 4.98%
Gold -2.1%
$BTC
below $74k

Lets Vote 25 or 50 - what will Fed do?

#HotCPIDecemberHikePriced #CPI #FOMC

#HotCPIDecemberHikePriced