The U.S. Bureau of Labor Statistics (BLS) will be released at 9:30 pm on November 10, Taiwan time.October Consumer Price Index (CPI), a seasonally adjusted monthly increase of 0.4%, higher than market expectations of 0.3%; core CPI excluding food and energy increased by 0.3% monthly, also higher than expected 0.2%, marking the third consecutive month of 0.3%.

This figure just hit the threshold set by Federal Reserve Governor Christopher Waller earlier in the day. He said a 2-yard rate hike should be considered in December if core CPI remains around 0.3% or higher as in the previous two months.

Core CPI has been 0.3% for three consecutive months, and the share of housing has increased by more than 30% monthly

According to the BLS announcement, the overall CPI monthly growth slowed to 0.4% in October from 0.6% in September, mainly due to the convergence of energy growth: the energy index increased by 0.7% monthly, compared with 5.2% in September, and gasoline fell to 1.0% from 9.1% in September.

The housing index increased by 0.3% monthly, accounting for more than 30% of the overall monthly increase. The food index increased by 0.5% monthly, with food at home rising by 0.4% and food eaten outside rising by 0.5%. Sub-categories such as entertainment, medical care, car insurance, furniture and housework, and education rose, while used cars and communications fell.

This time the BLS did not release annual growth rates for most components. The reason is that the government shut down in October 2025 and BLS did not collect data for that month, resulting in the lack of a base period for comparison. Headline CPI, reported in September, rose 3.7% on the year and core rose 2.6% on the year.

Waller: If the core rate exceeds 0.3%, we should consider raising interest rates by 2 yards

Waller was at King's College London that dayspeechShi said that even if October's CPI improves from September, he still supports a 1-point interest rate hike in December. He bluntly said that "September's inflation data was very bad, without any bright spots."

He also said that if the core CPI in October is similar to the previous two months, about 0.3% or even higher, stronger policy action will be needed, and a 2-point interest rate increase should be considered in December. "Only a 1-point increase will put our credibility at risk, which is a risk I am not willing to take."

U.S. Treasury yields jump, Bitcoin falls below $74,000

According to CNBC quotations, before the data was released (21:20 Taiwan time), the U.S. 2-year Treasury bond yield was 4.628%, and rose to 4.704% at 21:30 after the release; the 10-year Treasury bond yield rose from 4.903% to 4.946%. The U.S. dollar index rose to 102.01 from 101.80.

Bitcoin fell from about $74,237 to $73,921 during the same period, extending its daily decline to about 1.1%.

this article U.S. CPI in October was higher than expected, core 0.3%, Davola raised interest rate by 2 yards first appeared in Chain News ABMedia。