U.S. CPI rose stronger than expected 0.4% in October; core rate rose 0.3%
U.S. CPI rose 0.4% in October, above expectations, while the core rate increased 0.3%. The hotter inflation print makes a December Fed rate hike appear assured, with Governor Chris Waller even floating a 50-basis-point move. Traders care because tighter policy and higher rates typically pressure risk assets, including crypto.