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

Source: International Business Times

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