B · Normal
[After the release of U.S. CPI, the probability of the Federal Reserve raising interest rates in October rose to 43.7%, doubling before the data was released] On October 14, CME FedWatch tool showed that traders’ bets on the Federal Reserve raising interest rates by 25 basis points in October continued to increase. The probability of raising interest rates rose to 43.7%, and the probability of keeping interest rates unchanged dropped to 56.3%. Compared with the US before the release of CPI data in September, the probability of raising interest rates has increased from 21.6% to 22.1 percentage points. U.S. CPI rose 3.7% year-on-year in September, higher than market expectations of 3.6%, further boosting market expectations for the Federal Reserve to raise interest rates this month.
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