SydneyTwo-year Treasury yields jumped 18 basis points overnight.
Hot core inflation raised the risk of a half-point Federal Reserve hike in December.
Core prices rose 0.3% in October, the reading Governor Christopher Waller said would make him weigh a 50-basis-point hike.
Goldman’s chief US economist David Mericle expects 25 basis points, since most Fed voters would hesitate at 50.
The Federal Reserve decides on 9 December, after October producer prices print on Friday.
How each outlet framed it
drawn from 200+ reports worldwide
- Reuters
- quantifies Fed December odds via futures (~90% for 25bp, ~10% for 50bp) and Waller's 50bp trigger
- Yahoo! Finance
- Asianet News Network Pvt Ltd
- reports the December hike probability at 100% and frames the 25-vs-50bp split as the market debate
- The National
- ties the rate-hike pressure to the Iran war's lingering effect on energy costs
Sources: Reuters, Yahoo! Finance, Asianet News Network Pvt Ltd, The National