- Bowman said the latest data suggest inflation pressures "may be broadening." She said policy "plays a central role in containing the second-round effects" of inflation, though it can't offset tariff and energy costs directly. She projects core PCE rose to about 3.3% in October from 3.1% in September.
- Yahoo Finance reported investors put about 90% odds on a 25-basis-point hike next month and about 9% on a 50-basis-point hike. Dallas Fed President Lorie Logan said the Fed needs at least two more 25-basis-point hikes.
- If the Fed raises rates, banks often lift savings and CD yields after it. Bowman's remarks add to the case for a December move, but the Fed decides at its meeting, and odds can shift with new data.
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