[１３日 ロイター] – The US Department of Labor’s November Consumer Price Index (CPI) fueled speculation in money markets that the US Federal Reserve (Fed) will further slow the pace of rate hikes as early as next year .
The Fed is expected to decide on a 0.50 percentage point hike at this week’s Federal Open Market Committee (FOMC) meeting, but Federal Funds (FF) rate futures are currently set for a rate hike to be decided at the meeting of the FOMC next February. it incorporates a 50% probability of a 0.25 percentage point spread and the idea that the terminal rate of interest rates will not exceed 4.5% to 4.75%.
Before the release of the CPI data, the expected rate hike in February next year was 0.50 percentage point.
The seasonally adjusted CPI fell to 7.1% in November from 7.7% in October, its lowest since December 2021. The most recent annual peak was 9.1% in June, the largest increase since November 1981.
