US October CPI Rises 0.4% With Core at 0.3%, Polymarket Odds of a 50Bps December Fed Hike Jump to 11%
US October CPI rose 0.4% month over month and core prices 0.3%, both above forecasts, lifting the odds of a 50 basis point December Fed hike to 11% on Polymarket from under 1% a day earlier. A quarter point move stays favored at 85%. Two year Treasury yields climbed 16 basis points to 4.73% while bitcoin slipped 0.5% to $74,385.
