U.S. CPI rose to a three-month high in line with expectations, as traders increased bets on a December rate cut by the Federal Reserve

The annual rate of the US unadjusted CPI in October was 2.6%, in line with market expectations, a three-month high, and ended the "six-day losing streak". Traders increased their bets on the Fed's December rate cut. Traders are now pricing in about a 75% chance of a December rate cut by the Fed, compared with 60% before the release of US inflation data. (Jinshi)