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International Business Times

Business

Inflation Came in Hotter Than Expected Last Month. Odds of a Fed Rate Hike In October Are Surging.

US Federal Reserve Inflation Interest Rates Bureau of Labor Statistics

Odds of a rate hike by the Federal Reserve climbed on Wednesday after the latest inflation report came in hotter than expected. (Credit: AFP)

Odds of an interest rate hike by the Federal Reserve surged after September's inflation read came in hotter than expected on Wednesday.

Chances now stand above 49%, compared to 22.1% before the figures were released, according to the CME Group's FedWatch tool.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Putin Directly Ordered a Stepped-Up Sabotage Campaign Against NATO Countries This Year: Report

The failed attack at Germany's Leipzig-Halle Airport earlier this year was the first of the campaign.

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