OCBC Economists Say October CPI Supports December Fed Rate Hike Call
OCBC economists say October headline inflation slowed 0.4% month on month, largely because of weaker fuel inflation rather than broad-based easing in price pressures.
The October CPI data reinforces OCBC's call for the Fed to deliver a 25bp rate hike in December, the economists write in a note. While headline inflation slowed to 0.4% on month, much of the moderation came from weaker fuel inflation instead of a broad-based easing in price pressures, they add. Fed…