Allianz Chief Economist El-Erian: US October inflation data, both overall CPI and core CPI, showed month-on-month increases exceeding expectations. Especially after Fed Governor Waller's latest speech, the debate over whether the Fed will raise interest rates by 25 basis points next month or pause rate hikes can be set aside. The focus of the discussion will now be on whether to raise rates by 25 or 50 basis points. Personally, I tend to believe that the Fed will ultimately choose to raise rates by 25 basis points.
