727 FinancePANews October 14 news, according to Cailianshe report, the CME FedWatch tool shows that traders' bets on a 25 basis point rate hike by the Federal Reserve in October continue to heat up, with the probability of a rate hike rising to 43.7%, while the probability of keeping rates unchanged fell to 56.3%. Compared with before the release of the U.S. September CPI data, the probability of a rate hike has risen by 22.1 percentage points from 21.6%. The U.S. September CPI rose 3.7% year-on-year, higher than the market expectation of 3.6%, further boosting market expectations for a Federal Reserve rate hike this month.
After the release of US CPI, the probability of a Fed rate hike in October rose to 43.7%, doubling from before the data was released.
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