U.S. September CPI exceeds expectations, October rate hike expectations heat up. ▪️ CPI YoY +3.7%, higher than the expected 3.6% ▪️ Core CPI YoY +2.6%, higher than the expected 2.5% ▪️ Core CPI MoM +0.3%, higher than the expected 0.2% After the data release, traders increased their bets on a Fed rate hike in October. Next focus: What signals will Waller release during the IMF Annual Meeting dialogue this Friday at 11:30?