Traders are braced for more volatility as investors absorb more stronger-than -forecast US inflation numbers, that could signal another big hike in interest rates by the Federal Reserve.
Headline CPI for September eased slightly to 8.2% from the previous month’s 8.3% annual rate, but the month-on-month reading of a 0.4% rise was bigger than expected and likely to fuel rate rise expectations ahead of the Fed’s meeting next month.
