U.S. October CPI data will be officially released on Tuesday at 21:30. September CPI was previously reported at 3.7%, so the key thing to watch is whether inflation continues to cool this time.

The market-implied probability of the Fed raising rates by 25 basis points in December has risen to 77%, while the probability of holding rates steady has fallen sharply to 23%.

In addition, trading activity in prediction markets continues to rise, with cumulative trading volume for current prediction events reaching $16.7 million.

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