Market Update – Does the 50-day Hold?

It has been a rough day as Oct. rate hike odds nearly doubled from 22% yesterday to 41% today as CPI saw an acceleration in inflation away from the Fed’s 2.0% inflation target. September CPI came in hotter than expected, with headline inflation rising 0.6% month-over-month and 3.7% year-over-year (versus roughly 3.6% expected), up from…