Financial markets, economics, journalism and fundamental analysis. Consumer price inflation rose to an annual rate of 3. While Fed policy makers' projection in September suggested they expected three rate hikes in , markets are pricing in only two, with many investors expecting tame inflation will lead to a slower tightening path. There was no notable change in market expectations on the BoE's policy outlook, with sterling overnight indexed swaps pricing in a very small chance of a rate hike within the next six months. Earlier the dollar was lifted by stronger-than-expected U. From a year ago, the producer price index shot up 3.
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