Huo Xing Cai Jing reports that U.S. October CPI rose above expectations for the third consecutive month; Waller indicated a 25-basis-point rate hike in December is possible, with a 50-basis-point increase not ruled out. U.S. Treasury yields surged, with the 10-year yield nearing 5%. Saxo Bank noted that the market has fully priced in a December rate hike, and the dollar has strongly rebounded.
U.S. October CPI Exceeds Expectations, Treasury Yields Surge
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Summary
U.S. October CPI rose for the third consecutive month, surpassing forecasts. Waller hinted at a possible 25-basis-point rate hike in December, with a 50-basis-point increase still on the table. Treasury yields surged, with the 10-year yield nearing 5%. Saxo Bank noted that the market fully anticipates a December rate hike, and the dollar strengthened. Altcoins to watch may face downward pressure as the Fear & Greed Index shifts toward caution.
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