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China's factory inflation rises to 5.7% in October, may affect Fed decisions
China's factory inflation reached 5.7% in October, driven by higher oil costs, according to a BeInCrypto report. The data adds a new variable for traders monitoring the upcoming US consumer price index release. Market participants are also assessing the likelihood of a Federal Reserve rate hike in December. Analysts suggest the Chinese inflation figure could complicate the Fed's policy path ahead of the US CPI data.