Correcting a serious mistake—seems like I’ve been writing the wrong time for the next FOMC meeting in recent posts. The accurate time for the rate decision announcement is 2:00 AM Beijing time on October 29. Right now, the probability of no rate hike in October has been pushed to the limit. Looking at the calendar, I’m blindly guessing that the CPI data on October 14 could push this probability higher. After all, oil prices were high in September, so there’s no reason for CPI to cool down.