Citing Deltaone, BofA still maintains its baseline expectation of a 25-basis-point rate hike by the Federal Reserve in December following the U.S. October CPI report, while viewing the probability of a 50-basis-point hike as having increased. The post also stated that the bank expects core PCE inflation to come in at 3.3% year-over-year, and believes the risk of subsequent rate hikes being pulled forward to January rather than March has grown. The above represents bank forecasts and does not constitute a decision already made by the Federal Reserve.