Traders in financial markets piled into bets that the Fed's policy-setting Federal Open Market Committee, fresh from last week's quarter-percentage-point rate cut, will go ahead with another reduction in borrowing costs at its Dec. 17-18 meeting.

Logan did not speak directly to her view on the appropriateness of a rate cut at the Fed's Dec. 17-18 meeting, but her remarks suggest she is among the policymakers who would prefer to slow down on cuts sooner rather than later. She noted upside risks to ...

Anticipated Fed cuts are typically baked into mortgage rates well ahead of the actual cut, so we might not see mortgage rates move much this week.

Short-term interest-rate futures contracts were pricing an 80% chance of a Fed rate cut, to the 4.25%-4.5% range, in December, up from about 60% before the data. Traders then are pricing in a slower pace of rate cuts next year, with the Fed likely stopping when the policy rate gets to the 3.75%-4% range.

Canada's main stock index opened higher on Wednesday, helped by energy shares, after the U.S. inflation data reinforced expectations for a Federal Reserve interest-rate cut next month. At 9:31 a.m. ET (14:31 GMT),