October Fed hike odds fall to 31% on softer inflation

Odds of an October Fed rate hike fell to 31% from 69% a week ago, Reuters reported Oct. 1, after softer U.S. inflation data — meaning prices rose more slowly. That shift affects mortgages and savings rates. I see relief, not an all-clear: a one-in-three chance still leaves borrowers and gold holders exposed until the next data.