0911 ET - Expectations for higher interest rates rise sharply following the September CPI print. Markets are pricing in a 95.7% probability of at least one rate hike by the Fed's December meeting, according to CME FedWatch. For October, the probability of a quarter-percentage-point rate hike rises to 49.3%, from 22.1% Tuesday. Following Thursday's wholesale inflation report, economists will begin submitting their forecasts for the Fed's preferred inflation gauge, the PCE price index.
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