US October CPI will be released tomorrow; futures markets show about a 77% probability of a rate hike on December 9
Odaily reports that GMX posted on the X platform that U.S. October CPI will be released tomorrow at 8:30 a.m. Eastern Time. The market expects headline CPI to rise about 0.3% month-over-month and core CPI to rise about 0.2% month-over-month, after headline CPI rose 0.6% in September. Due to the data gap caused by the 2025 government shutdown, there is no year-over-year data this time. Futures markets show about a 77% probability of a rate hike on December 9; the S&P 500 previously recorded its worst weekly performance since April 2025.
