🚨 FED RATE HIKE IS CONFIRMED FOR DECEMBER Just now, US PPI data was released, and it wasn't anything that can avoid a rate hike. PPI MoM came in at 0.3% vs. 0.4% expected. Core PPI came in at 0.3% vs. 0.3% expected. This week's CPI already came in hotter than expected, while the job market is showing resilience. Also, every Fed official who spoke this week has already called for more tightening, so IMO, a rate hike will certainly happen. The good thing is that oil prices are coming down, so the future hikes could be avoided.