🚨 FED JUST GOT A STRONG REASON TO HIKE RATES. US PCE inflation and Q3 GDP data were released, and both came in favour of hiking rates. PCE inflation rose to 3.6%, its highest level in 3 months. US Q3 GDP data came in at 3.4%, higher than expectations of 3.2%. This means the economic growth is strong while inflation is picking up. This gives the Fed more room to hike rates without stopping economic growth. Right now, December's rate hike odds are at 83%, and it'll go up after today's data.