According to CoinMeta, a Fed official stated that if inflation cools down, there could be a 25-basis-point interest rate hike in December. However, if the core inflation rate reaches 0.3% or higher, a 50-basis-point hike might occur. It is expected that the U.S. core inflation rate will rise by 0.2% month-on-month in October, lower than the 0.3% in September. A lower core inflation reading could ease the pressure for the Fed to raise rates and bring an early Christmas gift to the market.