Federal Reserve Less Likely to Raise Rates in November Due to Slower Spending and Global Uncertainty

Federal Reserve policymakers indicating reduced odds for a November rate hike due to higher long-term rates.

10-year Treasury yield has fallen back after hitting 16-year high, possibly due to Israel-Hamas conflict creating safety bid.

Consumer spending slowdown signs emerge as credit card spending fell sharply in September.

Inflation expectations easing while real rates rising, tightening financial conditions.

Markets now see just 12% chance of Fed hike in November, down from 27% on Friday.