The U.S. CPI annual rate in October reached 2.6%, and traders bet that the probability of the Federal Reserve cutting interest rates in December has risen to 75%.

According to Odaily Planet Daily, the U.S. unadjusted CPI annual rate in October was 2.6%, in line with market expectations, a three-month high, ending a "six-game losing streak."

Traders increased bets on a December interest rate cut by the Federal Reserve, with the likelihood of a cut rising to 75% from 60% before the release of U.S. inflation data.