# Hotter October Inflation Lifts Odds of a December Fed Rate Hike to 84% and Knocks Nasdaq Down More Than 1%

*2026-11-10 19:00 UTC · Business · 1 min read*

> US consumer prices rose 0.4% in October, above the 0.3% forecast, pushing Treasury yields up and Wall Street lower.

US consumer prices rose 0.4% in October from September, above the 0.3% economists expected, though cooler than September's 0.6% gain. Core inflation, which excludes food and energy, rose 0.3%, also hotter than forecast.

Traders now see an 84% chance that the Federal Reserve raises rates by 25 basis points in December. Bets on a 50-basis-point hike jumped from 0% to 15% in a day. The 10-year Treasury yield rose 7 basis points to 4.93%, and the dollar strengthened.

Stocks opened lower: the Nasdaq fell about 1.2% and the S&P 500 about 0.65% in midday trading. Fed Governor Chris Waller said in London he leans toward a 25-basis-point hike in December and would consider a larger move if price pressures stay hot.

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/markets/live/stock-market-today-tuesday-november-10-dow-sp-500-nasdaq-inflation-data-cpi-090627830.html)

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TechTools News · https://techtools.cz/tools/news/article/2668-hotter-october-inflation-lifts-odds-of-a-december-fed-rate-hike-to-84-and
Česká verze: https://techtools.cz/tools/news/clanek/2742-vyssi-rijnova-inflace-zvysuje-na-84-sanci-na-prosincove-zvyseni-sazeb-fedem-a