Investing.com — Even a small upside surprise in Tuesday’s consumer price index report could lock in a December interest rate hike from the Federal Reserve, according to BeiChen Lin, senior investment strategist at Russell Investments. <\/p>\n
Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list \u00bb<\/a> <\/p>\n “In the wake of a blowout jobs report and other signs of a resilient economy, the Fed is going to have little patience with inflation. Even a minor surprise could seal the deal on a December hike,” Lin commented. <\/p>\n Traders are already pricing in an 84.5% chance of a 25 basis point hike at the Fed’s Dec. 9 meeting, up from 76.3% a day earlier, according to CME FedWatch. <\/p>\n Unsure what to buy ahead of earnings? Our AI’s recent pre-earnings calls delivered gains of +77% to +118% after results dropped. See this month’s earnings picks \u00bb<\/a> <\/p>\n Lin noted that elevated mortgage rates are weighing on the housing market, which should help contain some inflation pressures. <\/p>\n Beyond the headline figures, he said investors will also watch how widespread price increases are across the economy, as that will play a key role in shaping future Fed decisions. <\/p>\n Lin added that Thursday’s stock sell-off has washed away some of the market’s earlier optimism. <\/p>\n “With equity sentiment leaning cautious instead of overbought, markets could react positively if inflation comes in softer than expected,” he said. <\/p>\n Original Article <\/p>\n Fed ‘going to have little patience with inflation’: Russell Investments<\/a> <\/p>\n U.S. consumer prices seen rising 3.8% year-on-year in October – Truflation<\/a> <\/p>\n