CPI hits tonight! If inflation blows past expectations again, will the Fed really get serious about raising rates in December?

The U.S. market is about to face another major inflation test! October CPI is due at 21:30 on November 10, and markets are already on edge.
If inflation comes in hotter than expected again, bets on a Fed rate hike in December could rise further. After all, the latest jobs data was strong, and the economy is not as easy to cool as people had imagined. With inflation adding fuel to the fire, the Fed may find it hard to casually say the words “rate cuts.”
What is the market most afraid of? Not high inflation, but inflation that refuses to come down.
BTC could feel liquidity pressure first. If investors start worrying that interest rates will keep rising, risk assets are prone to sell-offs. U.S. stocks, especially tech stocks, could see their valuations marked down again. Gold is not in an easy position either: a stronger dollar and rising Treasury yields often weigh on gold prices.
Of course, if CPI comes in below expectations, markets may collectively breathe a sigh of relief.
Tonight’s CPI is practically a dress rehearsal for the Fed’s December policy meeting. Investors had better buckle up and avoid letting a single candlestick send them on an emotional roller coaster. #每周来晒 and #美国10月CPI即将公布 $GER40