A post by @DeItaone on X.

Wall Street strategists are warning the Federal Reserve could raise interest rates at both its December and January meetings after October's hotter-than-expected CPI report. Northlight Asset Management CIO Chris Zaccarelli expects a 25-basis-point hike in December and flagged the possibility of a larger move, according to remarks circulated by @DeItaone. The call for back-to-back increases marks a shift from expectations of a single hike or a pause. The signal matters because it implies tighter financial conditions through year-end and into 2025. Investors will watch the Fed's December meeting outcome and incoming inflation data for confirmation of the back-to-back scenario.